Answer:
if a bond cam with 3 % coupon, it means 3 % interest per year
so , if the question asked to count the one received every 6 months, the calculation would be :
$1000 x 3 % x 6/12
= $15 every 6 months
hope this helps
Answer:
15
Step-by-step explanation:
Simple interest is calculated thus; P×R×T ÷ 100
Where P is the principal, which is the bond in this case (1000)
R is the rate at which the interest will be paid per annum (3%)
T is the time in years at which the interest will be paid (6/12years or 0.5years)
Next step is to input the digits into the formula;
1000×3×0.5 / 100
Solving this, we have $15
Therefore, an interest of $15 will be received by John on 1000 bond every six months
