Question

Jennifer's grandma bought her a $50 savings bond when she was born. When Jennifer is 30 years old, the bond will have earned 110% in interest. How much will the bond be worth when Jennifer is 30 years old?​

Answer 1

105$

Explanation:

We are told that she starts with 50$

We are also that after 30 years she earns 110% on interest

Given this information we need to find the value of the bond after the 30 years

To do so we take 110% of the initial value (50$) and add that to the initial value

So the answer = 110%(50) + 50

110%*50=55

55+50=105

So in 30 years the bond will be worth 105$