OName:Р?A$168.75B$2,670.63C $2,668.75D $4,525.00backspaceenterA $4,551.24$7,301.24shiftEvaluate: Simple and Compound Interest1 A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth after18 months?2,500(0,45) 19Date:Devon opened a savings account with an initial deposit of $2,750. The balance will earn6.5% interest compounded annually. He does not deposit any additional money or make anywithdrawals from this account. What will his account balance be after 8 years?

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Answered: Evaluate: Simple and Compound Interest…

Evaluate: Simple and Compound Interest A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth after 18 months?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

O
Name:
Р
?
A
$168.75
B
$2,670.63
C $2,668.75
D $4,525.00
backspace
enter
A $4,551.24
$7,301.24
shift
Evaluate: Simple and Compound Interest
1 A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth after
18 months?
2,500(0,45) 19
Date:
Devon opened a savings account with an initial deposit of $2,750. The balance will earn
6.5% interest compounded annually. He does not deposit any additional money or make any
withdrawals from this account. What will his account balance be after 8 years?

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