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jennifer grabdma brought her a $50 savings bond when she was born. When jennifer is 30 years old, the bond will have earned 110% in interest.How much will the bond be worth when jennifer is 30 years old?

Answer :

In this problem 50 is the initial price and the 100% so we can use a rule of 3 to find the 110%

[tex]\begin{gathered} 50\to100 \\ x\to110 \end{gathered}[/tex]

So the equation is:

[tex]x=\frac{50\cdot110}{100}=55[/tex]

So at the end she will have:

[tex]50+55=105.00[/tex]

So is option b

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