Question: A 3 - month $ 1 2 , 0 0 0 treasury bill with a simple annual discount rate of 0 . 2 4 %

A 3-month $12,000 treasury bill with a simple annual discount rate of 0.24% was sold in 2016. Assume 365 days in a year.
(a) Find the price of the treasury bill (T-bill).
(b) Find the actual interest rate paid by the Treasury.
(a) The price of the T-bill was $
(Round to the nearest cent as needed.)
 A 3-month $12,000 treasury bill with a simple annual discount rate

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