Question

If Zzyxx Corporation sells a 30 year bond at a 5% interest rate with a purchase price of $10,000, approximately how much will you have when the bond matures?

Answer 1

SI=$ 15000 AND AMOUNT= $2500

EXPLANATION:

SI= P*R*T/100

10000*5*30/100

SO, SI=$15000

AMOUNT= P +SI

SO, 10000+15000=$25000