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A 91-day T-bill has a face value of $10,000 and a simple interest rate of 1.75% p.a. a. How much does the T-bill cost? $9,828.01

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A 91-day T-bill has a face value of $10,000 and a simple interest rate of 1.75% p.a. a. How much does the T-bill cost? $9,828.01 $8,828.40 $9.956.56 $3,857.28 b. After 30 days, the simple interest rate for this T-bill in the market increased to 5.00% p.a. What is the new selling price? $2,469.14 $9,523.81 $7,973.42

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