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In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the principal amount of the bond?

In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the principal amount of the bond?
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In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the principal amount of the bond?

User Nanndoj
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1 Answer

4 votes

Answer:$2000

Explanation:

In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What-example-1
User Shehabic
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