Question

Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will the bonds be worth at the end of 5 years? Must dhow work plz hurry

Answer 1

Hence bond will be worth $ 3712.5

Answer 2

the bonds be worth $3712.5 at the end of 5 years

Step-by-step explanation:

`Simple Interest: ( Principal * Interest Rate * Time)/(100)`

Simple interest : ($3,300 * 2.5% * 5 )/100

Simple interest : $412.5

∵Total money she has worth: ( $412.5 + $3,300 ) = $3712.5