- A woman receives \($3,000 in government bonds for 5 years at 7% simple
interest.
(a) Calculate the total interest she receives in 5 years
(b) Calculate the sum that must be invested in bonds to obtain a total
interest of $\)3,500 in 5 years.
interest.
(a) Calculate the total interest she receives in 5 years
(b) Calculate the sum that must be invested in bonds to obtain a total
interest of $\)3,500 in 5 years.