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Babs10 Babs10
  • 15-02-2017
  • Mathematics
Answered

Cameron puts $2,200 into savings bonds that pay a simple interest rate of 3.4%. How much money will the bonds be worth at the end of the 5.5 years?

Verified Answer :

rebekkaedwards
rebekkaedwards rebekkaedwards
  • 15-02-2017

$387.20. :)
You would multiply 2,200 by .034 which is 70.4, then multiply that by 5.5, which is 387.2.

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