Jeff purchased a government bond, which has a maturity value of $3400 after 25 years at 11 1⁄4 % simple interest. How much should he pay for this bond?

Please help with a step by step!!

he should pay $891.8 for this bond

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the government bond.

P represents the principal or amount paid for the government bond.

R represents interest rate

T represents the duration of the government bond in years.

From the information given

R = 11.25

T = 25 years

I = 3400 - P

Therefore,

3400 - P = (P × 11.25 × 25)/100

3400 - P = 2.8125P

2.8125P + P = 3400

3.8125P = 3400

P = 891.8

3432532

step-by-step explanation:

  y= -3x is the required function.

step-by-step explanation:

we have been given a table:

x             y

0             0

1             -3

3             -9

-2             6

we can see that the values of y is -3 times the value of x

hence, the function would be: y= -3x.

put the values of x will give the same y as in the table that means function is satisfying the given table.