adeolastewart adeolastewart

10-05-2024
Business

Answered

4. A woman receives [tex]$3,000 in government bonds for 5 years at 7% simple
interest.
(a) Calculate the total interest she receives in 5 years
(b) Calculate the sum that must be invested in bonds to obtain a total
interest of $[/tex]3,500 in 5 years.

Answer :

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