The worth of the bond is $307.50.
<h3>What is the worth of the bond?</h3>
The worth of the bond is the sum of the bond when it was bought and the interest earned on the bond.
Worth of the bond = interest rate + value when the bond was bought
Interest = 105% x $150
1.05 x $150 = $157.70
Worth of the bond = $157.70 + $150 = $307.50
To learn more about interest, please check: brainly.com/question/26164549
Answer:
$637.50
Step-by-step explanation:
P = $3000
t= 5years
r = 4.25% per annum
Interest = (p×r×t)/100
= (3000×4.25×5)/100
= $637.50
Equations of straight lines are in the form y = mx + c (m and c are numbers). m is the gradient of the line and c is the y-intercept (where the graph crosses the y-axis).
First you need to figure out the slope:
y2-y1/x2-x1=(1+5)/(-5-7)=-1/2
y+5=-1/2(x-7)
y=-1/2x-3/2
