SOLUTION: Please help me with this question: If $53,000 was invested into a savings bond at a simple interest rate of 9.23%, how much would the investment be worth after 20 years?

SOLUTION: Please help me with this question: If $53,000 was invested into a savings bond at a simple interest rate of 9.23%, how much would the investment be worth after 20 years?

Algebra.Com

Question 743550: Please help me with this question:
If $53,000 was invested into a savings bond at a simple interest rate of 9.23%, how much would the investment be worth after 20 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=53000*0.0923*20
I=97838
----
53000+97838=$150,838
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