A 3 month 16 000 treasury bill with a simple annual discount

Last updated: 12/12/2022

A 3 month 16 000 treasury bill with a simple annual discount rate of 0 22 was sold in 2016 Assume 365 days in year a Find the price of the treasury bill T bill b Find the actual interest rate paid by the Treasury a The price of the T bill was 8 8 Round to the nearest cent as needed