Answer:
$90 interest will Ryan receive for this bond every 6 months.
Step-by-step explanation:
We are given that Ryan has total bond of amount $3000.
Rate of interest = 6% per annul.
Time = 6 month = [tex]\frac{1}{2}[/tex] of a year.
Formula of simple interest = [tex]PRT[/tex], where P is the bond amount, R is the rate of interest per year and T is the time in years.
Plugging values P= 3000, R= 6% = 0.06 and T= [tex]\frac{1}{2}[/tex] in above formula, we get
I = 30000×0.06 ×[tex]\frac{1}{2}[/tex]
I= 90.
Therefore, $90 interest will Ryan receive for this bond every 6 months.
