Two bonds are available on the market as follows: Bond 1: Face value $250, 5 years to maturity at a simple interest rate of 5%. Bond 2: Face value $350, 3 years to maturity at a simple interest rate of r. Given that both bonds yield the same interest at maturity, calculate r. Round your answer to the nearest hundredth of a percent. Do NOT round until you have calculated your final answer.

5.95%

Step-by-step explanation:

Bond 1:

I = 250(.05)5

I = $62.50

Bond 2:

62.5 = 350(3)r

62.5 = 1050r

r = 62.5/1050

r = 5.95%

5.95%

Step-by-step explanation:

typically if you want , you would actually put questions here for us to you. but hey, that's just me. maybe someone will magically answer the questions for you without knowing what they are.

hey! so 1 (25) out of 4 (100) is 25 so your answer is 25%. it's like quarters!