Megan invested in 10 bonds with a total face value of $5,000, issued by Zen Corporation. The bonds paid 10% semiannual interest until the maturity date. Which of the following is the value of interest earned in the first installment on a single bond?
A) $50
B) $100
C) $500
D) $250
E) $75

Question

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The Answer of Megan invested in 10 bonds with a total face value of $5,000, issued by Zen Corporation. The bonds paid 10% semiannual interest until the maturity date. Which of the following is the value of interest earned in the first installment on a single bond?
A) $50
B) $100
C) $500
D) $250
E) $75

Megan Invested in 10 Bonds with a Total Face Value