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Angela made an 1 8 0 - day investment arrangement involving two consecutive 9 0 day $ 1 0 0 , 0 0 0 bank
Angela made an day investment arrangement involving two consecutive day $ bank bills. The maturity proceeds of the first bill will be used to purchase the second bank bill. The remain surplus cash after days will be invested at pa simple interest rate. The yield rate of first bank bill is pa simple interest rate and the yield rate of second bank bill is pa simple interest rate.
b What will be the annualised simple interest yield rate on Angela's day investment? Express the result as a percentage and round it to four decimal places.
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