SOLUTION: A retired couple invested $15000 in bonds. At the end of a year, they received an interest payment of $1125. What was the simple interest rate of the bonds?

SOLUTION: A retired couple invested $15000 in bonds. At the end of a year, they received an interest payment of $1125. What was the simple interest rate of the bonds?

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Question 631348: A retired couple invested $15000 in bonds. At the end of a year, they received an interest payment of $1125. What was the simple interest rate of the bonds?

Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
1125/15000*100 = 7.5%
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