Answer: the interest rate is 3.67%
Step-by-step explanation:
We would apply the formula for determining simple interest which is expressed as
I = PRT/100
Where
I represents interest paid on the bond.
P represents the principal or amount at which you bought the bond.
R represents interest rate on the bond
T represents the duration of the bond in years.
From the information given,
P = 3000
T = 10 years
I = 4100 - 3000 = 1100
Therefore,
1100 = (3000 × R × 10)/100 = 300R
R = 1100/300
R = 3.67%
Answer:
tell me the choices so i can help you............
Answer:
Red
Step-by-step explanation:me need points
Answer:
54
Step-by-step explanation:
54 + 53 = 107
I believe it would be the third one down