Olga Gioulis Purchased $7,000 in U

Short Answer

Olga Gioulis purchased $7,000 in U.S. Treasury bills with a discount rate of 5.4% for a period of 4 weeks. How much interest did Olga earn on the T-bill investment? How much was the purchase price of Olga's T-bills? What was the effective interest rate of Olga's T-bill investment? (Round to the nearest hundredth of a percent)