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a $700 bond earns 3.5 simpel intrist what is the balance after 21 years
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\[SI =\frac{ p*r*t }{ 100 }\]
Do you know that to find simple interest you multiply principal times the interest rate times the time?
no
so\[\frac{ 700*3.5 *21}{ 100 }\]
what is the answer
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Interest = principal times rate times time. So Interest = 700 (.035)(21)
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