b) A person ‘’lends’’ $20,000 to a corporation by purchasing a bond from the corporation. Simple interest is computed quarterly at a rate of 4 percent per quarter, and a check for the interest is mailed each quarter to all bond holders. The bonds expire at the end of 4 years, and the final check includes the original principal plus interest earned during the last quarter. Compute the interest earned each quarter and the total interest which will be earned over the 4– year life of the bonds.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
- b) A person ‘’lends’’ $20,000 to a corporation by purchasing a bond from the
corporation. Simple interest is computed quarterly at a rate of 4 percent per
quarter, and a check for the interest is mailed each quarter to all bond holders.
The bonds expire at the end of 4 years, and the final check includes the original
principal plus interest earned during the last quarter. Compute the interest
earned each quarter and the total interest which will be earned over the 4– year
life of the bonds.
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