Question

a $700 bond earns 3.5 simpel intrist what is the balance after 21 years

Answer 1

\[SI =\frac{ p*r*t }{ 100 }\]

Answer 2

Do you know that to find simple interest you multiply principal times the interest rate times the time?

Answer 3

no

Answer 4

so\[\frac{ 700*3.5 *21}{ 100 }\]

Answer 5

what is the answer

Answer 6

Interest = principal times rate times time.
So Interest = 700 (.035)(21)