Sarah has a $2000 bond with a 5% coupon. How much interest will Sarah receive for this bond every 6 months?
Question
Answer:
Hey :)The formula is
I=prt
I interest received?
P 2000
R 0.05
T 6/12
I=2,000×0.05×(6÷12)
I=50
The answer is $50
Hope this helps! :)
solved
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11 months ago
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