Example 5: you invest $25 000 into a simple interest canada savings bond that pays interest annually.
a) if the future value is $29 375 at the end of the five years, what was the interest rate?

3.5%

Step-by-step explanation:

Use the future value for simple interest equation:

The interest rate was 0.035 (or 3.5%).

x=17

step-by-step explanation:

solve 3x-24=x+10

then that makes it 2x=34 because you subtract an x from both sides to get rid of the one on the right, and then you add 24 to both sides to get rid of the 24 on the left

divide by both sides by 2 to get your answer so that you can get your answer

the answer would be 150 books

step-by-step explanation:

if you divide 300 by 2 you will get 150