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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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### Bob Korsu

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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.

Posted on Aug 19, 2010

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