12. Losef and Sasha each invest in a $500.00 Canada Savings Bond with an
Mathematics, 19.04.2020 02:49 alexmoy45p8yd7v
Mathematics 20-3
12. Losef and Sasha each invest in a $500.00 Canada Savings Bond with an
annual interest rate of 7%. The interest on Joe's bond is paid at the end of
each year (simple interest). The interest on Sasha's bond is compounded
annually. Both bonds mature in 3 years.
a. Calculate the total amount of interest earned on each bond.
P(IH)th
500.00 +
0.7
m
eille
1.16 cm
A14A
4 Pip
Answers: 1
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Mathematics 20-3
12. Losef and Sasha each invest in a $500.00 Canada Savings Bond with an
12. Losef and Sasha each invest in a $500.00 Canada Savings Bond with an
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