# math

Assume the \$8,000 Treasury bill, 1.75% for 50 weeks. Calculate the effective rate of interest.

1. 👍 0
2. 👎 0
3. 👁 233
1. 43246

1. 👍 0
2. 👎 0

## Similar Questions

1. ### accounting

Assume the \$10,000 Treasury bill, 4% for 13 weeks. Calculate the effective rate of interest.(Use calendar year. Round your answer to 2 decimal places. Omit the "%" sign in your response.)

asked by Anonymous on June 18, 2012
2. ### Bus. Math

What is the effective interest rate of an 8% 13-week Treasury bill? Assume it is a \$10,000 Treasury bill, and round your answer to the nearest hundredth percent. A. 8.20% B. 9.00% C. 8.17% D. 8.16% Answer: D??

asked by Ashley on April 4, 2016
3. ### math

what is the effective interest rate of an 8% 13-week treasury bill? assume it is a \$10,00 treasury bill, and round to the nearest hundredth percent

asked by karen on June 5, 2017
4. ### algebra

A \$15,000 T-bill is purchased at a 3.85% discount rate for 16 weeks. Find (a) the purchase price of the T-bill, (b) the maturity value, (c) the interest earned, (d) the effective rate of interest to the nearest hundredth of a

asked by Felicia on August 21, 2012

On January 18, 2007 BusinessWeek reported yields on Treasury bills. Bruce Martin purchased a \$10,000 13-week Treasury bill at \$9,881.25. (a) What was the amount of interest? (b) What was the effective reate of interest?

asked by Anonymous on November 26, 2011

On January 18, 2007, BusinessWeek reported yeilds on Treasury bills. Bruce Martin purchased a 10000.00 13-week Treasury bill at 9881.25 (a) What was the amount of interest? (b) What was the effective rate of interest?

asked by Anonymous on October 30, 2011
7. ### Finance

We are currently bidding on Treasury bills and have determined that we must have a 5% return for a \$1,000 T-Bill that will mature in one year. How much would we be willing to bid on the Treasury bill? If we are bidding on a 13

asked by Kim on March 30, 2012
8. ### math

1. A 120-day 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 T-bill is

asked by Fellippe on September 6, 2012
9. ### math/Finance

I want to know the formula to use 1. A 120-day 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.

asked by Janine on September 6, 2012
10. ### math

Tiffany purchased a \$10,000, 13-week Treasury bill that's paying 2.25%. What is the effective rate on this T-bill? A. 2.7% B. 2.26% C. 2.0% I think its b

asked by bowhunter99 on May 28, 2014

More Similar Questions