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7. + -/2 points HarMathAp12 6.1.013. My No (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay

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7. + -/2 points HarMathAp12 6.1.013. My No (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9710. What annual simple interest rate does this earn? (Round your answer to one decimal place.) (b) If the bank charges a fee of $60 to buy a T-bill, what is the actual interest rate you earn? (Round your answer to one decimal place.) %

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