Question

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
i think its b
jay discounts a 100-day note for 25,000 at 13%. the effective rate of interest to the nearest hundredth percent is what percent?

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