Jasmine bought a T-bill with a simple discount rate of 2.5%. The T-bill will reach maturity in 39 weeks, and the amount of the discount is $93.75. What is the face value? $5,000.00
O $5,093.75
O $10,000.00
O $4,906.25
O $9,140.63

Question

11-06-2024
Mathematics

Answered

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Jasmine bought a T-bill with a simple discount rate of 2.5%. The T-bill will reach maturity in 39 weeks, and the amount of the discount is $93.75. What is the face value? $5,000.00
O $5,093.75
O $10,000.00
O $4,906.25
O $9,140.63

Sagot :

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