SOLUTION: a 700$ bond earns 3.5% simple annual interest. what is the interest earned after 21 years

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Question 138094: a 700$ bond earns 3.5% simple annual interest. what is the interest earned after 21 years
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
a 700$ bond earns 3.5% simple annual interest. what is the interest earned after 21 years
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I = Prt
I = 700*0.035*21 = $514.50
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Cheers,
Stan H.