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On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 27 May 2021 at
On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 27 May 2021 at 5.5% p.a. (simple interest). b) What was her selling price (rounded to four decimal places)? a. 98457.0565 b. 98867.7610 c. 98603.3444 d. 98311.2021
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