Question
Jay purchased a 210-day $100,000 bank bill at a simple interest rate on 15th March 2020. The purchase price is $98,500.He sold this bank bill
Jay purchased a 210-day $100,000 bank bill at a simple interest rate on 15th March 2020. The purchase price is $98,500.He sold this bank bill on 23rd April 2020.
(a) What is hisselling price, if he sold this bank bill at 3.19% p.a. simple interest rate?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
