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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 7 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 7 May 2021 at 9.37% p.a. (simple interest). b) What was her selling price (rounded to four decimal places)?

a. 96674.4518 b. 97156.6895 c. 96914.9708 d. 98582.7847

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