Algebra 2
posted by Anonymous on .
Suppose you got $5000 from family at your high school graduation. You decide to invest it for 30 years. If you invest it at 8% in a simple interest bond, how much is it worth after 30 years?

I = PRT
I = 5,000 * 30 * 0.08
I = 12,000
5,000 + 12,000 = ?