Ask Question
13 June, 08:08

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) ?

+5
Answers (2)
  1. 13 June, 08:48
    0
    1) 5000*90/100=4500

    2) 5000*0.05=250

    3) 0.05 / (90/100) = 5.6%
  2. 13 June, 11:33
    0
    1. 4,500

    2. 250

    3. 5.6%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers