The total interest earned on the three bonds each year is $ 235.
A financial concept known as "face value" refers to a security's nominal or monetary value as indicated by its issuer. The original cost of the stock, as stated on the certificate, serves as the face value for stocks. In the case of bonds, it refers to the sum that is normally paid in $1,000 increments to the holder at maturity.
Amount of annual interest = Face value × Interest rate
=$1,000 × 0.047
=$47
Total interest amount = Interest for each bond × Number of bonds
=$47 × 5
=$235
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