Math

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

1. P = Po + Po*r*t.

Po = \$1395.

r = 4.3% / 100% = 0.043.

t = 7 years.

Plug the above values into the given Eq.

posted by Henry

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