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mojhsa [17]
3 years ago
11

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

Mathematics
2 answers:
lidiya [134]3 years ago
8 0

Answer:

<h3>$90 interest will Ryan receive for this bond every 6 months.</h3>

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.

<h3>Therefore, $90 interest will Ryan receive for this bond every 6 months.</h3>
swat323 years ago
3 0

Answer:

$90.00

Step-by-step explanation:

a.p.e.x

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