Answer:
98.75%.
Step-by-step explanation:
On March 20, 2011, a $1000 bond had a selling price of $987.50.
We are asked what will be the quoted price for the bond.
Now, the quoted price of a bond is the price at which the bond was last traded and it is expressed as the percentage of the original bond value.
So, in our case the quoted price will be %. (Answer)
Step-by-step explanation:
Multiply the cost of an item or service by the sales tax in order to find out the total cost. The equation looks like this: Item or service cost x sales tax (in decimal form) = total sales tax. Add the total sales tax to the Item or service cost to get your total cost.
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Answer:
Solution:
<u>Let's use PRT/100 to find the simple interest.</u>
- 3500 x 7.5 x 3/100 = Interest
- → 35 x 7.5 x 3 = Interest
- → 35 x 7.5 x 3 = Interest
- → $787.5 = Interest
Hence, the simple interest is $787.5.