To calculate the total interest earned on the bond, use the following formula:

$\text{Total Interest} = \text{Annual Interest} \times \text{Number of Years}$

Given:

• The bond value is $5300.
• The annual interest is $27.
• The bond matures in 8 years.

So,

$\text{Total Interest} = 27 \times 8 = 216$

Thus, you will earn $216 in interest over 8 years.

Would you like to know more details, or have any questions?

Here are some related questions:

1. How would the interest change if the annual rate was a percentage of the bond value?
2. What is the maturity value of the bond if the principal is returned as well?
3. How does bond interest differ from compound interest on savings accounts?
4. What happens if the bond is sold before maturity?
5. How can bond ratings affect interest rates?

Tip: When investing in bonds, always check if the interest is fixed or variable, as this affects total earnings.