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1. A 10-week Treasury bill matures for $2500 and is bought at a simple interest to yield 6.4%. Find the price which must be paid
1. A 10-week Treasury bill matures for $2500 and is bought at a simple interest to yield 6.4%. Find the price which must be paid assuming Banker's Rule. (Bil Perbendaharaan 10 minggu matang untuk $2500 dan dibeli dengan faedah mudah untuk menghasilkan 6.4%. Cari harga yang mesti dibayar dengan mengandaikan Banker's Rule.) [3 Marks/Markah] 1. A 10-week Treasury bill matures for $2500 and is bought at a simple interest to yield 6.4%. Find the price which must be paid assuming Banker's Rule. (Bil Perbendaharaan 10 minggu matang untuk $2500 dan dibeli dengan faedah mudah untuk menghasilkan 6.4%. Cari harga yang mesti dibayar dengan mengandaikan Banker's Rule.) [3 Marks/Markah]
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