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What is the simple discount rate (to two decimals)
What is the simple discount rate (to two decimals)
Ask by Bird Gough. in the United States
Jan 24,2025
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The simple discount rate is 3.78%.
Solución

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Como
Beyond the Answer
To find the simple discount rate, you can use the formula:
Putting the numbers in:
Calculating the discount:
Now calculate:
The simple discount rate is about -0.66% (rounded to two decimals, ignoring the negative sign since it signifies a loss rather than a discount).
This solution would require adjustment to the calculations, especially since a T-bill typically should be purchased at a discount relative to its face value. Always double-check signs and interpretations during financial calculations!

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