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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 26th May 2020 at 4.15% p.a. simple interest rate. b) What is her selling price (rounded to four decimal places)? Select one: O a. 98709.3416 ob. 98598.6831 O c. 99266.3807 O d. 98820.2487
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