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A 3 - month $ 2 4 , 0 0 0 treasury bill with a simple annual discount rate of 0 . 2 2 %

A 3-month $24,000 treasury bill with a simple annual discount rate of 0.22% was sold in
Assume 365 days in a year.
(a) Find the price of the treasury bill (T-bill).
(b) Find the actual interest rate paid by the Treasury.
(a) The price of the T-bill was $
(Round to the nearest cent as needed.)
(b) The actual interest rate paid by the Treasury is %.
(Type an integer or decimal rounded to five decimal places as needed.)
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