Jay purchased a $150-$day $$500,000$ bank bill $($at a simple interest rate$)$ on $15$ July $2021.$ The purchase price was $$490,550.$ He sold this bank bill on $13$ August $2021.$

$($a$)$ What was his selling price, if he sold this bank bill at a yield of $3\mathrm{.}17\%$ p$.$a$.($simple interest$)?$ Round your answer to three decimal places.

Question $1$Answer

a$.$

$494800\mathrm{.}259$

b$.$

$494757\mathrm{.}737$

c$.$

$494842\mathrm{.}789$

d$.$

$493570\mathrm{.}067$