1.64
2. 95%
Hope this helps you.
Convert it then you will fine the weight.
Line:
3x+y=7
y=-3x+7
Slope of Perpendicular Line: 1/3x
For the perpendicular line to contain point (6,-1) the y-intercept would be (0,1), thus the equation of the line would be y=1/3x+1
y=1/3x+1
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$
