The given Treasury bill was sold in April of this year. Find (i) the price of the T-bill, and (ii) the actual interest rate paid by the Treasury. Round dollar amounts to the nearest cent and interest rates to the nearest thousandth.One-year $3000 T-bill with discount rate 0.075%
A. (i) $2997.75;
(ii) About 0.075%
B. (i) $2997.30;
(ii) About 0.09%
C. (i) $3002.25;
(ii) About 0.075%
D. (i) $2999.78;
(ii) About 0.008%
Answer: A
You might also like to view...
Solve the problem.Suppose that for an electrical appliance, voltage is given by and amperage by
where t is time in seconds. The wattage is given by
Find the maximum wattage used by the appliance.
A. 404.46 B. 101.115 C. 189 D. 202.23
Divide. Express the quotient in lowest terms. ÷
A.
B.
C.
D.
Determine whether the pair of fractions is equivalent. and
A. equivalent B. not equivalent
Find the absolute extreme values of the function on the interval.F(x) = , -2 ? x ? 27
A. absolute maximum is 0 at x = 0; absolute minimum is 3 at x = 27 B. absolute maximum is 3 at x = -27; absolute minimum is 0 at x =0 C. absolute maximum is 3 at x = 27; absolute minimum is -3 at x = -27 D. absolute maximum is 3 at x = 27; absolute minimum is 0 at x =0