Question

ryan has a $3000 bond with a 6% coupon. how much interest will ryan recieve for this bond every 6 months?

Answer 1

Answer:

$90 interest will Ryan receive for this bond every 6 months.

Step-by-step explanation:

We are given that Ryan has total bond of amount $3000.

Rate of interest = 6% per annul.

Time = 6 month = $\frac{1}{2}$ of a year.

Formula of simple interest = $PRT$, where P is the bond amount, R is the rate of interest per year and T is the time in years.

Plugging values P= 3000, R= 6% = 0.06 and T= $\frac{1}{2}$ in above formula, we get

I = 30000×0.06 ×$\frac{1}{2}$

I= 90.

Therefore, $90 interest will Ryan receive for this bond every 6 months.

Answer 2

Answer:

$90.00

Step-by-step explanation:

a.p.e.x