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Points ] HARMATHAP 1 2 6 . 1 . 0 1 3 . ( a ) To buy a Treasury bill ( T - bill

Points]
HARMATHAP126.1.013.
(a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9740. What annual simple interest rate does this earn? (Round your answer to one decimal place.)
%
(b) If the bank charges a fee of $30 to buy a T-bill, what is the actual interest rate you earn? (Round your answer to one decimal place.)
%
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