John purchased a 60-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 2.69% p.a. (simple interest)? Round your answer to three decimal places.

a.

498860.275

b.

498823.596

c.

497798.775

d.

498896.959