Mark shaughnessy purchased a $4,250 bond at 91.50 that pays 7% interest. what was the cost of the bond?

The answer is : $3,888.75

Step-by-step explanation:

Given is :    

Mark Shaughnessy purchased a $4,250 bond at 91.50 that pays 7% interest.

Cost of the bond =

So, the cost of the bond is $3888.75.

step-by-step explanation:

we are given

since, we have to isolate x on anyone side

so, we can move all x terms on one side

subtract both sides by 2x

add both sides by 9

divide both sides by 4

we get

d i think

step-by-step explanation: