Which one don’t lie
2 answers:
You might be interested in
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 = of a year.
Formula of simple interest = , 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= in above formula, we get
I = 30000×0.06 ×
I= 90.
<h3>Therefore, $90 interest will Ryan receive for this bond every 6 months.</h3>