Answer:
Step-by-step explanation:
12 years, 10 months
Step-by-step explanation:

Answer:
True they represent the same thing
Answer:
15 years and 8 months
Step-by-step explanation:
I used the formula for compound interest as shown below and solved for the unknown, time.
Since our interest is compounded annually (So once a year) our m value is 1.
If you have $5000 and you invest $2000 in a certificate of deposit, you have $3000 invested in the bonds. Each earns an annual interest of 6% and 8%, respectively. The total interest is shown below,
($2000) x 0.06 + ($3000) x 0.08 = $360
Thus, the amount of the total interest is $360.