SOLUTION: A retired couple invested $5,000 in bonds. At the end of one year , they received an interest payment of $275. What was the simple interest rate of the bonds

Question 931411: A retired couple invested $5,000 in bonds. At the end of one year , they received an interest payment of $275. What was the simple interest rate of the bonds
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
275/5000 * 100 = 5.5%
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