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Mathematics 12 Online
OpenStudy (anonymous):

Shane invests $38,000 in bonds that earn simple interest of 3%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at the end of 5 years.

OpenStudy (anonymous):

38,000*.03*5 +38000

OpenStudy (anonymous):

why do i add the 38000 on to it

OpenStudy (anonymous):

b/c that original amount

OpenStudy (anonymous):

ok i see it now...sorry

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