## Related questions with answers

Question

**Find the annual income in each problem.**

$2, \$ 500,7.25 \%$ bonds

Solution

VerifiedStep 1

1 of 2$\$500 \times 7.25\% \times 1 \times 2=\$72.50$

The interest is the product of the par value, the rate, the time and the number of bonds.

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