Fractional Year Investment Return. Jill placed $7,000 in a 120-day CD that offered an annualized return of 1%. How much interest will she earn on this CD? The amount of interest Jill will receive is $ . (Round to the nearest cent.) Return on T-bills. Lauren purchased a $50,000 T-bill for $48,338. A few months later, Lauren sold the T-bill for $49,943. What was Lauren's return on the T-bill? Lauren's return on the T-bill is %. (Round to two decimal places.) Fractional Year Investment Return. Jill placed $7,000 in a 120-day CD that offered an annualized return of 1%. How much interest will she earn on this CD? The amount of interest Jill will receive is $ . (Round to the nearest cent.) Return on T-bills. Lauren purchased a $50,000 T-bill for $48,338. A few months later, Lauren sold the T-bill for $49,943. What was Lauren's return on the T-bill? Lauren's return on the T-bill is %. (Round to two decimal places.)