I need help with a math problem

Mathematics
Tutor: None Selected Time limit: 1 Day

The ABS company is issuing 5 year bonds at an annual simple interest rate of 5%, with interest paid twice a year. Nancy buys a $5,000 bond. How much simple interest will she earn in 6 months?

Nov 19th, 2015

Thank you for the opportunity to help you with your question!

I=5000(6/12)*(5/100)
=125 $

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Nov 19th, 2015

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