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a To buy a Treasury bill T bill that matures to 10 000 in 6...

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a To buy a Treasury bill T bill that matures to 10 000 in 6 months you must pay 9800 What annual simple interest rate does this earn Round your answer to one decimal place b If the bank charges a fee of 60 to buy a T bill what is the actual interest rate you earn Round your answer to one decimal place

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Transcribed Image Text

a To buy a Treasury bill T bill that matures to 10 000 in 6 months you must pay 9800 What annual simple interest rate does this earn Round your answer to one decimal place b If the bank charges a fee of 60 to buy a T bill what is the actual interest rate you earn Round your answer to one decimal place

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