ciaraCochran1876 ciaraCochran1876

30-01-2019
Mathematics

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Kunio puts $3,300.00 into his 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?

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debmommabear debmommabear

09-02-2019

Answer:

3,712.50

Step-by-step explanation:

2.5% divided by 100 = .025 which is the percent in decimal form.

Use the Equation Principal = (Amount Invested * Rate * Time)

3,300.00 * 0.025 * 5 = 412.50 earned

3,300 + 412.50 = 3,712.50 total

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