Upon amassing a fortune as a rock star, your uncle Zephaniah gives you $1 000 000. You decide to invest the whole lot into Canada Savings bonds (CSB's). The CSB's pay simple interest at a rate of 3.78% per year, and mature after fifteen years (that is, you have to cash them out after fifteen years).

asked by A

5 years ago

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2 answers

P(1+rt)

answered by oobleck

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P = Po + Po*r*t = 1,000,000 + 1,000,000*0.0378*15 =

answered by henry2,

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Question

Upon amassing a fortune as a rock star, your uncle Zephaniah gives you $1 000 000. You decide to invest the whole lot into Canada Savings bonds (CSB's). The CSB's pay simple interest at a rate of 3.78% per year, and mature after fifteen years (that is, you have to cash them out after fifteen years).

2 answers

P(1+rt)

P = Po + Po*r*t = 1,000,000 + 1,000,000*0.0378*15 =

oobleck · Answer

P(1+rt)

henry2, · Answer

P = Po + Po*r*t = 1,000,000 + 1,000,000*0.0378*15 =