Sarah has a $2000 bond with a 5% coupon. How much interest will Sarah receive for this bond every 6 months?
2 answers:
Hey :)
The formula is
I=prt
I interest received?
P 2000
R 0.05
T 6/12
I=2,000×0.05×(6÷12)
I=50
The answer is $50
Hope this helps! :)
Answer:
$50
Step-by-step explanation:
Sarah has a $2000 bond with a 5% coupon.
She will receive in a year = 5% of $2,000
= 5/100 × 2000
= 0.05 × 2,000
= $100
In 6 months she will receive = $100/ 2
= $50
Sarah receive $50 for this bond every 6 months.
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