SOLUTION: I invested 12,000 in bonds that pay interest at the rate of 9% annually what would be my annually income In dollars from this investment

SOLUTION: I invested 12,000 in bonds that pay interest at the rate of 9% annually what would be my annually income In dollars from this investment

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Question 889991: I invested 12,000 in bonds that pay interest at the rate of 9% annually what would be my annually income In dollars from this investment
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
I = P*r*t

I = 12000*0.09*1

I = 1,080

You will earn $1,080 in interest per year.
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