me city is issuing bonds to raise money for a building project. You obtain a $5300 bond that pays 27 interest annually that matures in 8 vears. How much interest will you earn?

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.

My city is issuing bonds to raise money for a building project. You obtain a $5300 bond that pays $27 interest annually that matures in 8 years. How much interest will you earn?

Calculate the total interest earned on a $5300 bond with $27 annual interest over 8 years. Learn how to apply the simple interest formula for bonds and understand the financial impact of long-term investments. Suitable for Grades 6-8.

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