Nora invested $1,500 in a bond at a simple interest rate of 3%. How much will the bond be worth in total after 10 years?

Mathematics

1 answer:

attashe74 [19]3 years ago

8 0

<h2>The bond will be worth in total after 10 years is =$1,950</h2>

Step-by-step explanation:

Given,

Nora invested $1,500 in at a bond simple interest rate of 3%

here P= $1500 R= 3% and t = 10year

Simple interest(I) = $\frac{P\times R \times t }{100}$

=$ $\frac{1500\times 3 \times 10}{100}$

=$ 450

<h3>The bond will be worth in total after 10 years is = $1,500+ $450</h3><h3> =$1,950</h3>

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