rosaeedazzming
rosaeedazzming rosaeedazzming
  • 11-06-2016
  • Mathematics
contestada

John has a $1000 bond with a 3% coupon. How much interest will John receive for this bond every 6 months?

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metchelle
metchelle metchelle
  • 11-06-2016
The interest of the bond  for 6 months is $15. This is computed as 3% of 1000 is $30. Then since it is only for 6 months, $30 divided by 12 months and multiplied by 6, which is equal to $15
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kylrein2003
kylrein2003 kylrein2003
  • 22-12-2020

Answer:

$15.00

Step-by-step explanation:

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