Question 1 50 pts Use a banker s year described above to answer this question...

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Question 1 50 pts Use a banker s year described above to answer this question T bills Treasury bills are one of the instruments the U S Treasury Department uses to finance public debt If you buy a 200 day T bill with a maturity value of 15 750 for 15 389 37 what annual simple interest rate will you earn Express your answer as a percentage Round to the nearest thousandths of a percent 3 decimal places Question 2 50 pts Use a banker s year described above to answer this question To complete the sale of a house the you accept a 320 day note for 5 000 at 9 simple interest Both interest and principal are repaid at the end of the 320 days Wishing to use the money sooner for the purchase of another house the you sell the note to a third party for 5 185 after 80 days What annual simple interest rate will the third party receive for the investment Express your answer as a percentage Round to the nearest thousandths of a percent 3 decimal places

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Question 1 50 pts Use a banker s year described above to answer this question T bills Treasury bills are one of the instruments the U S Treasury Department uses to finance public debt If you buy a 200 day T bill with a maturity value of 15 750 for 15 389 37 what annual simple interest rate will you earn Express your answer as a percentage Round to the nearest thousandths of a percent 3 decimal places Question 2 50 pts Use a banker s year described above to answer this question To complete the sale of a house the you accept a 320 day note for 5 000 at 9 simple interest Both interest and principal are repaid at the end of the 320 days Wishing to use the money sooner for the purchase of another house the you sell the note to a third party for 5 185 after 80 days What annual simple interest rate will the third party receive for the investment Express your answer as a percentage Round to the nearest thousandths of a percent 3 decimal places