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To buy a treasury bill that matures to Rs. 10,000 in 6 months, you must pay Rs. 9750. What rate does this earn? If the bank charges a fee of Rs. 40 to buy a treasury bill, what is the actual interest rate you earn? |
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Answer» Answer: AMOUNT = $10,000 Principle = $9750 Time = 6 months Considering the INTEREST... hope it helps you ALL THE BEST |
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