ecarcamo2001 ecarcamo2001

24-01-2021
Mathematics

contestada

A six-month $3600 treasury bill sold for $3411. What was the simple annual discount rate?

Respuesta :

Аноним Аноним

24-01-2021

Answer:

0.9235%/month

Step by step explanation:

r = (1/6)((3600/3411) - 1) = 0.00923483

r = 0.00923483

Converting r decimal to R a percentage

R = 0.00923483 * 100 = 0.9235%/month

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franklindyesha30 franklindyesha30

24-01-2021

Answer:

one hundred eighty-nine dollars

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