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## 3500 to purchase a government bonds Pays 4.89% annual simple interest. How much will you have in 3 years?

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## Answers ( )

Answer:4013.45Step-by-step explanation:Given,

Purchased amount of the bond, P = 3500,

Annual rate of simple interest, r = 4.89% = 0.0489,

Time ( in years ), t = 3,

Since,

the total amount of a bondthat earns simple interest is,By substituting values,

The

amount of the bondwould be,