SOLUTION: Shane invests $18,000 in bonds that earn simple interest of 6%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at

SOLUTION: Shane invests $18,000 in bonds that earn simple interest of 6%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at

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Question 251455: Shane invests $18,000 in bonds that earn simple interest of 6%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at the end of 5 years.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
18000*.06*5 +18000 =principal + interest after 5 years
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