Question

Ryan has a $500 bond with a 6% coupon. How much interest will Ryan receive for this bond every 6 months? A. $20.00 B. $30.00 C. $40.00 D. $15.00

Answer 1

d will be the answer apex

Answer 2

Answer: Option 'D' is correct.

Explanation:

Since we have given that

Amount of bond = $500

Rate of coupon = 6%

Interest will receive by Ryan in a year is given by

`500* (6)/(100)\\\\=\$30`

and Interest will receive by Ryan every 6 months is given by

`30* (6)/(12)\\\\=\$15`

Hence, Option 'D' is correct.