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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 13 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 13 November 2021 at 2.14% p.a. (simple interest).
b) What is her selling price (rounded to four decimal places)?
a.
98612.4019
b.
98783.7421
c.
99824.4184
d.
98441.6551
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