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12 March, 23:21

Elenas ain't bought her a $150 savings bond when she was born. When Elena is 20 years old, the bond will have earned 105% in interest. How much will the bond be worth when Elena is 20 years old?

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  1. 13 March, 02:33
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    Answer: $307.5

    Step-by-step explanation:

    Here, Elena's aunt bought her a $150 savings bond when she was born.

    That is, the initial amount = $150

    And, When Elena is 20 year old, the bond will have earned 105% in interest.

    Therefore, The bond be worth when Elena is 20 years old,

    ⇒A = $307.5

    Therefore, after 20 years the the bond worth $307.5.
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