Do you have a picture?? Maybe? I’m not good at these
Answer:
$318
Step-by-step explanation:
The treasury bond is $10,000
The current yield is 3%
= 3/100
=0.03
It is quoted at 106 points
The first step is to calculate the price of the bond
Price of the bond= $10,000×106/100
= $10,000×1.06
= $10,600
Therefore the annual interest can be calculated as follows
Annual interest= $10,600×0.03
= $318
Hence the annual interest is $318
Hence, Jake's running time in decimal is: 3.2 hours
Answer:
100.062
Step-by-step explanation:
100 + 62/1000 = 100 + 0.062 = 100.062
