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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

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) About Me  (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.