Carmelo puts $2,200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money

will the bonds be worth at the end of 5.5 years?

A $7,136.80

C $2,611.40

B $2,552.20

D $411.40

оа А

Oь

Ос

Od

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Question

Mathematics

Heidi Anderson

7 July, 14:26

Carmelo puts $2,200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money

will the bonds be worth at the end of 5.5 years?

A $7,136.80

C $2,611.40

B $2,552.20

D $411.40

оа А

Oь

Ос

Od

?

+3

Answers (1)

Know the Answer?

Koen · Answer 1

B. $2,611.40

Step-by-step explanation:

Use the simple interest formula: I = PRT

Plug in 2200 for P (principal),.034 for R (rate) and 5.5 for T (time).

Carmelo puts $2,200.00 into savings bonds that pay a simple interest rate of 3.4%. How much moneywill the bonds be worth at the end of 5.5 years?A $7,136.80C $2,611.40B $2,552.20D $411.40оа АOьОсOd?

Carmelo puts $2,200.00 into savings bonds that pay a simple interest rate of 3.4%. How much money

will the bonds be worth at the end of 5.5 years?

A $7,136.80

C $2,611.40

B $2,552.20

D $411.40

оа А

Oь

Ос

Od

?