John Jimenez purchased a $5,000 bond at 90. The annual interest is 5%.

What was the cost of the bond?

What was the annual interest?

What is the yield (to nearest tenth of a percent) ?

Question

25 May, 20:44

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Answers (2)

Know the Answer?

Camryn Stevenson · Answer 1

1. 4,500

2. 250

3. 5.6%

Darren Shields · Answer 2

1) 5000*90/100=4500

2) 5000*0.05=250

3) 0.05 / (90/100) = 5.6%

John Jimenez purchased a $5,000 bond at 90. The annual interest is 5%.What was the cost of the bond?What was the annual interest?What is the yield (to nearest tenth of a percent) ?