Answer:
area of triangle = 135 mm²
Step-by-step explanation:
Area of a triangle = 1/2 × b × h
Area of a triangle = 1/2 × 27 × 10
Area of a triangle = 135 mm²
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$
