John has a $1000 bond with a 3% coupon. How much interest will John
receive for this bond every 6 months?
O A. $15.00
O B. $20.00
O C. $30.00
O D. $25.00

A 3% Coupon, would mean 3% interest per year.

Since there are 12 months to a year,  we would need to find the amount of interest for the year, then divide it by 2.

3% or 1,000 is $30. He gets $30 interest per year. Now, we need to divide that by 2, and we will get A. He gets $15 interest every 6 months.

1/3

step-by-step explanation:

to find this, you can divide 12 by 4 which is 3 or you can multiply 4 until you reach 12 (4x3=12). both should give you 3, meaning theres three times less bananas than there are oranges.