Mathematics, 08.02.2021 08:50, s5177

If a Canada savings Bond is worth $6225 after 7 years, and was originally bought for $5000, what was the annual simple interest rate? Answer as a percentage. [Formulas are,
[I = P, R, T]
[A = P + I]
[A = P(1 + R times T)

Answers: 3

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If a Canada savings Bond is worth $6225 after 7 years, and was originally bought for $5000, what was the annual simple interest rate? Answer as a percentage. [Formulas are, [I = P, R, T] [A = P + I] [A = P(1 + R times T)

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If a Canada savings Bond is worth $6225 after 7 years, and was originally bought for $5000, what was the annual simple interest rate? Answer as a percentage. [Formulas are,
[I = P, R, T]
[A = P + I]
[A = P(1 + R times T)