4/10 in simplest form is 2/5
6/20 in simplest form is 3/10
10/25 in simplest form is 2/5
Answer is -1/3
you would divide both sides by 18 to get the variable on its own and that would leave you with -6/18 and so you have to simplify it by dividing the numerator and denominator by the greatest common factor (6) to get your remaining simplified fraction of -1/3
In the value of bonds, the symbol "M" means "thousands.
Therefore, 10 M = 10,000$
So, the customer bought a coupon with 10,000$ and the expected annual interest is 7.5% of the coupon's value.
Calculating the value of interest is simple, just multiply the interest rate (7.5%) by the original value of the coupon to know how much interest she will collect each year.
Interest collected each year = (7.5 / 100) x 1000 = 750$