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31 January, 20:00

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



Ос

Od

?

+4
Answers (1)
  1. 31 January, 20:20
    0
    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).
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