Stan purchased a $15,000 compound-interest Series 103 Canada Savings Bond on December 1, 2008. The interest rate

Question:

Stan purchased a $15,000 compound-interest Series 103 Canada Savings Bond on December 1, 2008. The interest rate in the first year was 2.50% and in the second year was 3.00%. What total interest did Stan receive when he redeemed the CSB on May 1, 2010?

Fantastic news! We've Found the answer you've been seeking!