churchilldean789
churchilldean789 churchilldean789
  • 03-02-2022
  • Mathematics
contestada

Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will the bonds be worth at the end of 5 years? Must dhow work plz hurry

Respuesta :

micahpapoutsis
micahpapoutsis micahpapoutsis
  • 03-02-2022

Hence bond will be worth $ 3712.5

Answer Link
fieryanswererft
fieryanswererft fieryanswererft
  • 03-02-2022

Answer:

the bonds be worth $3712.5 at the end of 5 years

Explanation:

[tex]Simple Interest: \frac{ Principal * Interest Rate * Time}{100}[/tex]

Simple interest : ($3,300 * 2.5% * 5 )/100

Simple interest : $412.5

∵Total money she has worth: ( $412.5 +  $3,300 ) = $3712.5

Answer Link

Otras preguntas

A reader can tell that the meaning of “obnoxious” will include “having the quality of something” because of the?
What were new immigrants mainly coming from in the late 1800s
What are primary producers?
Help, please im really confused
What is the pattern 3 6.5 11 16.5 23
Which of the following often causes a burning and reddening of the face and neck for which a doctor might recommend taking a regular-strength aspirin one-half h
Why were the colonists upset with the Mecklenburg Resolves?
how do find out how many times larger a number is than another number such as the question how many times larger is 319,000,000 than 823,000
What is the definition of the Allied Powers?
need help my computer doesn't respond 280,116,913,611,200 X 2