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Elana's aunt bought her a $150 savings bond when she was born. When Elena is 20 years old, the bond will have earned 105% in interest. How much will the bond be worth when …

Elana's aunt bought her a $150 savings bond when she was born. When Elena is 20 years old, the bond will have earned 105% in interest. How much will the bond be worth when …
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Elana's aunt bought her a $150 savings bond when she was born. When Elena is 20 years old, the bond will have earned 105% in interest. How much will the bond be worth when Elena is 20 years old

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User JamieSee
by
8.1k points

1 Answer

4 votes

Answer:

$397.99

Explanation:

105*100 = 1.05

1.05^20 = 2.65329770514

2.65329770514* 150 = 397.99

answered
User Zach Conn
by
8.1k points
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