Question

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 ________%.

Answer 1

3.6% is the answer to your problem you’re welcome

Answer 2

3.6%

Step-by-step explanation:

965x = 1000

x = 1.03626

That’s an interest rate of 3.6%.