Final answer:
To calculate the annual interest received on 10 Ogden 5's bought at $93, we need to know the interest rate. The formula for calculating interest is explained.
Step-by-step explanation:
To calculate the annual interest received on 10 Ogden 5's bought at $93, we need to know the interest rate. The question does not provide this information, so we cannot calculate the exact interest. However, I can explain how to calculate interest.
Interest can be calculated using the formula:
Interest = Principal × Rate × Time
Where:
Principal is the initial amount of money,
Rate is the interest rate as a decimal, and
Time is the duration of the investment in years.
If you provide the interest rate, I can help you calculate the annual interest.