Register

Camelo puts $2200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money will the bonds be worth at the end of 5.5 years?

Camelo puts $2200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money will the bonds be worth at the end of 5.5 years?
asked 142k views
4 votes
Camelo puts $2200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money will the bonds be worth at the end of 5.5 years?

asked
User Nguyencse
by
8.6k points

2 Answers

3 votes
$11374 is the answer.
answered
User Nmk
by
7.6k points
5 votes
I= $2200(.034)(5.5)
I=$411.40
$2200.00+ $411.40= $2611.40
answered
User Rcourtna
by
8.4k points
← Prev Question Next Question →

Related questions

User Zabbarob
asked Mar 13, 2022 11.8k views
Camelo has 3 less siblings than Benecio has. If camelo has 2 siblings, how many siblings does Benicia has.
Zabbarob asked Mar 13, 2022
by Zabbarob
8.8k points
1 answer
24 votes
11.8k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!