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?
1 answer:
<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= $1500 R= 3% and t = 10year
Simple interest(I) =
=$
=$ 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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