16-02-2017
Mathematics

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Mr.Baker bought a $500 bond that paid 5.3% simple interest. What was the value of the bond at the end of 10 years?

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ramose4367 ramose4367

16-02-2017

I think the answer is 7,650.
.53 times 500 = 265
265+500=765
765 times 10 = 7,650

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