Over 25 years, Jared's saving bond has earned $500.00 in simple interest at a rate of 5%. How much was the original bond worth?
+2592 Nearly nothing
J.K
500=x(1.05)^25
500/x=(1.05)^25
1.05^25 = 3.3863549408993848
500=3.3863549408993848x
500/3.3863549408993848 = 147.6513858488810945106
round
$147.65
