Answer:
$318
Step-by-step explanation:
The treasury bond is $10,000
The current yield is 3%
= 3/100
=0.03
It is quoted at 106 points
The first step is to calculate the price of the bond
Price of the bond= $10,000×106/100
= $10,000×1.06
= $10,600
Therefore the annual interest can be calculated as follows
Annual interest= $10,600×0.03
= $318
Hence the annual interest is $318
bear in mind that the continuously compounding interest is just that, a daily compounding cycle, taking a year as 365days.
Answer:
9
Step-by-step explanation:
6÷2(1+2)
(1+2)
3
6÷2×3
6÷2=
3
3×3
9
X= weight of TV
y= weight of CD
3x+5y= 62.5
3x+ 2y= 52
You can either solve for a variable, or eliminate a variable by subtracting the second equation from the first:
3x + 5y = 62.5
-(3x+2y = 52)
0 + 3y = 10.5, so y = 10.5/3 or 3.5.
Now plug y= 3.5 back into any equation to get x:
3x + 5(3.5) = 62.5
3x + 17.5 = 62.5
3x = 45
x = 15
Always check work. Both equations should be true for x=15, y= 3.5
