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Camelo puts $2200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money will the bonds be worth at the end of 5.5 years?
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Camelo puts $2200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money will the bonds be worth at the end of 5.5 years?

User Nguyencse
by
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2 Answers

3 votes
$11374 is the answer.
User Nmk
by
7.6k points
5 votes
I= $2200(.034)(5.5)
I=$411.40
$2200.00+ $411.40= $2611.40
User Rcourtna
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8.4k points
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