Elana's aunt bought her a $150 savings bond when she was born. When Elena is 20 years old, the bond will have earned 105% in interest. How much will the bond be worth when Elena is 20 years old

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asked Jun 10, 2019 22.0k views

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Elana's aunt bought her a $150 savings bond when she was born. When Elena is 20 years old, the bond will have earned 105% in interest. How much will the bond be worth when Elena is 20 years old

Mathematics
middle-school

JamieSee asked

by JamieSee

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1 Answer

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Answer:

$397.99

Explanation:

105*100 = 1.05

1.05^20 = 2.65329770514

2.65329770514* 150 = 397.99

Zach Conn answered Jun 14, 2019

by Zach Conn

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