# 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

Algebra ->  Algebra  -> Percentage-and-ratio-word-problems -> 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      Log On

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 Click here to see ALL problems on Percentage-and-ratio-word-problems 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(9144)   (Show Source): You can put this solution on YOUR website!18000*.06*5 +18000 =principal + interest after 5 years