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3 August, 11:54

Kunio puts $3,300.00 into his savings bonds that pay a simple interest rate of 2.5%. How much money will the bonds be worth at the end of 5 years?

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  1. 3 August, 12:15
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    3,712.50

    Step-by-step explanation:

    2.5% divided by 100 =.025 which is the percent in decimal form.

    Use the Equation Principal = (Amount Invested * Rate * Time)

    3,300.00 * 0.025 * 5 = 412.50 earned

    3,300 + 412.50 = 3,712.50 total
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