Question: Jay purchased a 9 0 - day $ 5 0 0 , 0 0 0 bank bill ( at a simple interest rate ) on

Jay purchased a 90-day $500,000 bank bill (at a simple interest rate) on 15 July 2021. The purchase price was $490,550. He sold this bank bill on 13 August 2021.
(a) What was his selling price, if he sold this bank bill at a yield of 3.52% p.a.(simple interest)? Round your answer to three decimal places.
a.497075.832
b.497028.180
c.495697.616
d.497123.494

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