Make a variable for “number”
Number=X
0.3x=42
X=140
50% is the same as 1/2
So, half of 140 is: 70
Answer: c
Step-by-step explanation:
Answer:
x=2
y=5
Step-by-step explanation:
y= x+3...(1)
y= -x+7...(2)
(1) + (2):
y+y= (x+3) + (-x+7)
2y= (x-x) + (3+7)
2y= 10
y= 5
By substituting y=5 into (1),
we have
5= x+3
x+3=5
x= 5-3
x= 2
Answer:
585856859686
Step-by-step explanation:
546786676
Answer:
The semi-annually compounded nominal rate at that time is 7%
Step-by-step explanation:
In order to calculate the semi-annually compounded nominal rate at that time we would have use the following formula:
PV= FV/(1+r)^n
According to the given data we have the following:
PV=$167
FV=$1,000
n=30-year, and strip bond was traded four years after it was issued, hence, n=(30-4)*2 =52
Therefore, 167= $1,000/( 1+r)^52
167/$1,000 =1/(1+r)^52
0.167 =1/(1+r)^52
r =3.50%
Therefore, The semi-annually compounded nominal rate at that time=3.50%*2
The semi-annually compounded nominal rate at that time=7%
The semi-annually compounded nominal rate at that time is 7%