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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