Asked by kim
Shane invests $7,000 in bonds that earn simple interest of 3%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at the end of 5 years.
Answers
Answered by
Damon
.03 * 5 * 7,000 = 1050 interest + 7,000 principal = 8,050 total
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