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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.
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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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