Mercury draws a cash flow diagram to model the following scenario. A 270-day commercial bill will mature for $400000. The price paid for the bill at issue was $375162.21. The bill was sold 238 days after issue for $398790.14. Calculate the annual rate of simple interest (as a percentage, to two decimal places) earned by the buyer who paid $375162.21 and sold for $398790.14. What was the annual rate of simple discount (as a percentage, to two decimal places) that the buyer sold at (earning a price of $398790.14 )? Here is the cash flow diagram they drew. Which response best reflects the values of Z,Y,X,W,V,U,T and S ? a. Z is 270.00,Y is $400000.00,X is $375162.21,W is 238,V is $398790.14,U is not required, T is 3.35% p.a. (simple discount) and S is 9.76% p.a. (simple interest). b. Z is 270.00,Y is $400000.00,X is $375162.21,W is 238,V is $398790.14,U is not required, T is 3.45% p.a. (simple discount) and S is 9.66% p.a. (simple interest). c. Z is 270.00,Y is $400000.00,X is $375162.21,W is 238,V is $398790.14,U is not required, T is 2.98% p.a. (simple discount) and S is 9.87% p.a. (simple interest). d. Z is 270.00,Y is $400000.00,X is $375162.21,W is 32.00,V is $398790.14,U is not required, T is 0.46% p.a. (simple discount) and S is 71.84% p.a. (simple interest). Mercury draws a cash flow diagram to model the following scenario. A 270-day commercial bill will mature for $400000. The price paid for the bill at issue was $375162.21. The bill was sold 238 days after issue for $398790.14. Calculate the annual rate of simple interest (as a percentage, to two decimal places) earned by the buyer who paid $375162.21 and sold for $398790.14. What was the annual rate of simple discount (as a percentage, to two decimal places) that the buyer sold at (earning a price of $398790.14 )? Here is the cash flow diagram they drew. Which response best reflects the values of Z,Y,X,W,V,U,T and S ? a. Z is 270.00,Y is $400000.00,X is $375162.21,W is 238,V is $398790.14,U is not required, T is 3.35% p.a. (simple discount) and S is 9.76% p.a. (simple interest). b. Z is 270.00,Y is $400000.00,X is $375162.21,W is 238,V is $398790.14,U is not required, T is 3.45% p.a. (simple discount) and S is 9.66% p.a. (simple interest). c. Z is 270.00,Y is $400000.00,X is $375162.21,W is 238,V is $398790.14,U is not required, T is 2.98% p.a. (simple discount) and S is 9.87% p.a. (simple interest). d. Z is 270.00,Y is $400000.00,X is $375162.21,W is 32.00,V is $398790.14,U is not required, T is 0.46% p.a. (simple discount) and S is 71.84% p.a. (simple interest)
