Ans.
Amount = $25000
Annual discount rate = 0.25%
365 days in year so days in 3 month will be = 31 + 30 + 31 = 92 days
So the Price of T-bill was $24984.25
So discount = 25000-24984.25 = 15.75
Discount for complete year (12 months) = 4x15.75 = 63
So Actual interest rate is 0.2521%
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