SOLUTION: Annie cashed a $2000 regular Saving Bond with an annual interest rate of 6.4% She received $896 in interest during the time she held the bond. How Long did she hold the bond?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Annie cashed a $2000 regular Saving Bond with an annual interest rate of 6.4% She received $896 in interest during the time she held the bond. How Long did she hold the bond?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1133094: Annie cashed a $2000 regular Saving Bond with an annual interest rate of 6.4% She received $896 in interest during the time she held the bond. How Long did she hold the bond?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
an annual interest of 6.4% simple interest? Compound interest? Compounded how often?