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Solve the Problem. -You Purchase a 200-Day, $1000 U.S. Treasury Bill at 0.49

Question 97

Multiple Choice

Solve the problem.
-You purchase a 200-day, $1000 U.S. Treasury bill at 0.49% discount. On the date of maturity, you Will receive $1000. How much interest does the U.S. government pay to you on the date of Maturity?


A) $2.72
B) $2.45
C) $5.72
D) $2.99

Correct Answer:

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