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
The answer is .42%
Explained
I / PT = R
I = The amount of interest paid
P = The amount paid before adding interest
T = The time (weeks, months, years)
R = Interest Rate (must move 2 decimal place to the right)
If you need any steps explained lmk
<span>x^2 - 12x - 45
= (x - 15) (x + 3) .........</span><span>factored form</span>
In order it goes like this
- 4^ x - 1 = 3^ (-x) - 2
- 3 x + 6 = 2^ x + 1
3^ x - 3 = 2 x - 2
so the question is the answer
