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Tiffany purchased a $10,000, 13-week Treasury bill that is paying 2.25%. What is the effective rate on this T-bill?

Tiffany purchased a $10,000, 13-week Treasury bill that is paying 2.25%. What is the effective rate on this T-bill?
asked 37.8k views
3 votes
Tiffany purchased a $10,000, 13-week Treasury bill that is paying 2.25%. What is the effective rate on this T-bill?

asked
User Jovi
by
8.6k points

1 Answer

1 vote
 the answer i got is 2.70
answered
User MyDogTom
by
8.5k points
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