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29 October, 19:05

Elena's aunt bought her a $150 savings bond when she was born. When Elena is 20 years old, the bond will have earned interest and increased by 105%. How much will the bond be worth when Elena is 20 years old?

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Answers (2)
  1. 29 October, 20:15
    0
    307.5$

    Step-by-step explanation:

    150$. 105% of it added.

    Since 105% is 1.05, multiply the percentage by the cost to get the money added.

    150*1.05=157.5

    Then ADD it to the price/savings.

    150+157.5=307.5$
  2. 29 October, 22:08
    0
    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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