You have savings of 30,000. You invest in a bond mutual fund that pays 3% simple interest. What are your total savings after 20
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To solve the problem find the value of (45)^2 at first
The answer is 25 with the remainder 75
You can simplify the fraction to be 25/26
I solved it on a piece of paper. I can not answer why I got the same answer, but I hope my method helped
