# math

saving bond currently worth \$7600 collects 5.5% annual simple interest each year. if the bond was purchased seven yeara ago, how much was it bought for?

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1. Set up equation where x=original cost,
7600=x(1+7*0.055)
Solve for x.

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2. A savings bond currently worth \$7600 collects 5.5% annual simple interest each year. If the bond was purchased seven years ago, how much was it bought for?

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3. A savings bond currently worth \$7,600 collects 5.5% annual simple interest each year. If the bond was purchased seven years ago, how much was it bought for?

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