Homework Help: Math

Posted by Meredith on Monday, July 16, 2012 at 11:13am.

If you buy a $1395 savings bond that pays 4.3% annual simple interest. Determine the value of the bond after 7 years.

Math - Ms. Sue, Monday, July 16, 2012 at 12:08pm
I = PRT

I = 1395 * 0.043 * 7

Add the interest to the principal.

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