The asked discount on a 6-month Treasury bill was recently quoted as 3.02 percent. Approximately how much

Question:

The “asked” discount on a 6-month Treasury bill was recently quoted as 3.02 percent. Approximately how much would you have to pay to buy one of these Treasury bills ($10,000 value)?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...