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Algebra 2

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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?

  • Algebra 2 -

    I = PRT

    I = 5,000 * 30 * 0.08

    I = 12,000

    5,000 + 12,000 = ?

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