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Mr.Baker bought a $500 bond that paid 5.3% simple interest. What was the value of the bond at the end of 10 years?

Mr.Baker bought a $500 bond that paid 5.3% simple interest. What was the value of the bond at the end of 10 years?
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Mr.Baker bought a $500 bond that paid 5.3% simple interest. What was the value of the bond at the end of 10 years?

User Jnelson
by
8.0k points

1 Answer

4 votes
I think the answer is 7,650.
.53 times 500 = 265
265+500=765
765 times 10 = 7,650
User Lucky Yang
by
8.9k points
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