Question

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

$25.00

B.

$20.00

C.

$15.00

D.

$30.00

Answer 1

@Algorithmic

Answer 2

first you will need to write 3% as a decimal.

Answer 3

so what would that be?

Answer 4

0.03

Answer 5

then multiply that by $1000

Answer 6

i got 30

Answer 7

that's right. So the answer would be d.

Answer 8

1000*0.03=30 @Howlz

Answer 9

yep!

Answer 10

awesome thanks @Howlz

Answer 11

No problem! :)