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

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