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19 April, 18:38

Camelo puts $2200.00 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?

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  1. 19 April, 20:40
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    I = $2200 (.034) (5.5)

    I=$411.40

    $2200.00 + $411.40 = $2611.40
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