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If a​ one-year discount bond that pays $1,000 at​ maturity, is held for the entire​ year, and the purchase price is ​$965, then the interest rate is ________%.
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If a​ one-year discount bond that pays $1,000 at​ maturity, is held for the entire​ year, and the purchase price is ​$965, then the interest rate is ________%.

User Moritz Mahringer
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3.6% is the answer to your problem you’re welcome
User Vpalade
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4 votes

Answer:

3.6%

Step-by-step explanation:

965x = 1000

x = 1.03626

That’s an interest rate of 3.6%.

User Kabal
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5.3k points
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