SOLUTION: Shane invests $18,000 in bonds that earn simple interest of 6%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Shane invests $18,000 in bonds that earn simple interest of 6%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at      Log On


   



Question 251455: Shane invests $18,000 in bonds that earn simple interest of 6%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at the end of 5 years.
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
18000*.06*5 +18000 =principal + interest after 5 years