A $100,000, 91-day Province of Ontario T-bill was purchased for $98,527.62. It was then sold for 4.8% simple interest. What profit was realized on the sale?

Name: A $100,000, 91-day Province of Ontario T-bill was purchased for $98,527.62. It was then sold for 4.8% simple interest. What profit was realized on the sale?
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

The Answer of A $100,000, 91-day Province of Ontario T-bill was purchased for $98,527.62. It was then sold for 4.8% simple interest. What profit was realized on the sale?

A $100,000, 91-Day Province of Ontario T-Bill Was Purchased for $98,527.62