Gordon has a Canada Savings Bond that pays $150 in simple interest each year. The annual interest rate is 4.75%. What principal did Gordon invest in the bond? Jun 8 | Natalie from Saint Paul, MN | 2 Answers | 0 Votes Mark favorite Subscribe Comment
this is a matter of annual interest at 4.75r for interest payment of 150 or .0475x equals 150. solve for x..hope that helps. Jun 8 | Deanna L. Comment