Suppose the U. S. Treasury offers to sell you a bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $4,100. What interest rate would you earn if you bought this bond at the offer price

the interest rate is 3.67%

Step-by-step explanation:

We would apply the formula for determining simple interest which is expressed as

I = PRT/100

Where

I represents interest paid on the bond.

P represents the principal or amount at which you bought the bond.

R represents interest rate on the bond

T represents the duration of the bond in years.

From the information given,

P = 3000

T = 10 years

I = 4100 - 3000 = 1100

Therefore,

1100 = (3000 × R × 10)/100 = 300R

R = 1100/300

R = 3.67%

to rewrite a literal equation you may need to divide by a number, or by a variable.

hope i .

6 hours 48 min

step-by-step explanation:

68÷5=13.6

13.6×30=408min=6 hours 48 min.

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