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Brittany purchased a 182-day T-bill with interest rate of 3.75% p.a. and a face value of $10,000. a. How much did Brittany pay for the

Brittany purchased a 182-day T-bill with interest rate of 3.75% p.a. and a face value of $10,000.

a. How much did Brittany pay for the T-bill?

Round to the nearest cent

b. After 36 days, Brittany sold the T-bill when the interest rate for this T-bill in the market increased to 4.00% p.a. What was the selling price?

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