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27 February, 16:16

Mr. Baker bought a $500 bond that paid 5.3% simple interest. What was the value of the bond at the end of 10 years?

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  1. 27 February, 18:43
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    I think the answer is 7,650.

    .53 times 500 = 265

    265+500=765

    765 times 10 = 7,650
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