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Today is 14th October 2021, Anne just bought a 270-day $100 000 bank bill for $98,300. She will sell this bank bill on 27 November
Today is 14th October 2021, Anne just bought a 270-day $100 000 bank bill for $98,300. She will sell this bank bill on 27 November 2021 at 2.19% p.a. (simple interest).
b) What is her selling price (rounded to four decimal places)?
a. 98405.8256
b. 98662.1414
c. 98837.6690
d. 99736.6951
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