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A $700 bond earns 3.5% simple annual interest. What is the interest earned after 21 years?

A $700 bond earns 3.5% simple annual interest. What is the interest earned after 21 years?
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A $700 bond earns 3.5% simple annual interest. What is the interest earned after 21 years?

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User Lyrikal
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1 Answer

2 votes
700 x (0.035) x (21) = $514.50

answered
User KenHBS
by
8.1k points
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