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Nikitich [7]
1 year ago
6

James purchased five bonds of face value of $1,000 that paid 5% annual interest rate. the total annual interest income of james

is _____. how do you work this problem out?
Mathematics
2 answers:
Trava [24]1 year ago
8 0
Given:
5 bonds of face value of 1,000 that paid 5% annual interest rate.

5 bonds x 1,000 = 5,000
5,000 x 5% x 1 year = 250

The total annual interest income of James is 250. Each bond earns 50 per annum.
garri49 [273]1 year ago
7 0

Answer:

The total annual interest income of James is $250.

Step-by-step explanation:

James purchased five bonds of face value of $1,000

So, total value of 5 bonds is = 5\times1000=5000 dollars

These bonds paid 5% annual interest rate.

So, interest becomes = 0.05\times5000=250 dollars

Hence, the total annual interest income of James is $250.

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A giraffe measures 17 feet tall . A gorilla mesures 63 inches tall. How many feet taller is the giraffe than the gorilla
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