Discount Notes
posted by Scott .
Annika Scholten bought a 10000.00,13week Treasury bill at 5%. What is her effective rate? Round to the nearest hundredth percent

Maybe if I help you instead of giving you the answer, you would learn more. What is it that you don't understand in this question?

that would help
Respond to this Question
Similar Questions

Promissory notes
Annika Scholten bought a 10,000.00, 13week treasury bill at 5%. What is her effective rate? 
math
12.(4pts) Solve the problem. Round your answer to the nearest tenth of a percent unless otherwise indicated. Sales of frozen pizza for a club fundraiser increased from 500 one year to 575 the next year. What was the percent of increase? 
business math
On January 18, 2007, BusinessWeek reported yeilds on Treasury bills. Bruce Martin purchased a 10000.00 13week Treasury bill at 9881.25 (a) What was the amount of interest? 
algebra
A $15,000 Tbill is purchased at a 3.85% discount rate for 16 weeks. Find (a) the purchase price of the Tbill, (b) the maturity value, (c) the interest earned, (d) the effective rate of interest to the nearest hundredth of a percent. 
math
1. A 120day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. 2. 8. A $15,000 Tbill is purchased … 
math/Finance
I want to know the formula to use 1. A 120day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. … 
business Math
Please help? The Treasury Department auctioned $21 billion in 3month bills in denominations of $10,000 at a discount rate of 4.965%. What would be the effective rate of interest? 
Business math
The Treasury Department auctioned $21 billion in 3month bills in denominations of $10,000 at a discount rate of 4.965%. What would be the effective rate of interest? 
Bus. Math
What is the effective interest rate of an 8% 13week Treasury bill? 
math
what is the effective interest rate of an 8% 13week treasury bill?