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Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold
Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 21th May 2020 at 3.58% p.a. simple interest rate, b) What is her selling price (rounded to four decimal places)? Select one: a. 99414.9498 b. 98740.9848 c. 98932.6120 d. 98836.7055
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