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Purchased $10,000 treasury bill for $9881.25 for 13 weeks. What is the amount of interest?

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T bills are purchase at a discount rate. In your case you paid $9,881.25 for a $10,000.00 bill. Your earnins is to difference between $9881 and 10,000 ($119). $119 is approx. .1% over 13 weeks.

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