If the Annual Interest Rate Is 5%

question 31

Multiple Choice

If the annual interest rate is 5% (.05) , the price of a one-year Treasury bill per $100 of face value would be:

• A) $95.00
• B) $97.50
• C) $95.24
• D) $96.10

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Definitions:

Increased Speed

A situation where the velocity or pace at which an object or process operates is raised.

Explosion

A rapid increase in volume and release of energy in an extreme manner, typically with the generation of high temperatures and the release of gases.

Reactants Mixing

The process of combining substances that react with each other to form products in a chemical reaction.

Aqueous Salt Solutions

Solutions made by dissolving salt in water, where the water is the solvent and salt is the solute.