1A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth after18 months?A $168.75B $2,670.63C $2,668.75D $4,525.00

Formula for the simple interest FV=P1+rt

Answered: 1 A $2,500 bond earns 4.5% simple…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

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1 A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth 18 months? A $168.75 B $2,670.63 C $2,668.75 $4.525.00