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Jamar purchases a savings bond for $3000. If the bond earns 3% interest for a term of 5 years, what will the total value of Jamar's investment be at the end of 5 years?
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Jamar purchases a savings bond for $3000. If the bond earns 3% interest for a term of 5 years, what will the total value of Jamar's investment be at the end of 5 years?

User Nikita Astrakhantsev
by
4.2k points

2 Answers

3 votes
The answer would be four hindered fifty dollars, so $450
User Bhargav Soni
by
3.8k points
6 votes

Answer:

450$

Explanation:

3000*3%=3000*0.03

3000*0.03=90

90*5=450

User Rajagopal
by
3.9k points
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