Question

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?

Answer 1

$11374 is the answer.

Answer 2

I= $2200(.034)(5.5)
I=$411.40
$2200.00+ $411.40= $2611.40