berber owns a 20,000 government bond that pays interest at an annual rate of 8 percent.?

Question

How many dollars will he receive as a quarterly interest payment?Which expression below .1.) 20,000 times 8 divided by4 2.)20,000 times 0.08 divided by 4 3.)20,000 times 8 times 4 4.) 20,000 times 4 divided by 8 5.) 20,000 times 4 divided by 0.08 Which is the correct anwser.

Answer 1

No. 2 is correct except for the fact that government bonds pay semi-annually not quarterly.

Answer 2

Dern Bobby Jo! That's a gonna take some cipherin'! Since I lost them fingers, I can only get to 7 now.