This video contains plenty of. What is the annual interest rate earned by a 33-day T-bill with a maturity value of 1000 that sells for 99616. The basic formula for Compound Interest is.
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What is the annual interest rate. Investment problems usually involve simple annual interest as opposed to compounded interest using the interest formula I Prt where I stands for the interest on the original investment P stands for the amount of the original investment called the principal r is the interest rate expressed in decimal form and t is the time. What is the annual interest rate earned by a 33-day T-bill with a maturity value of 1000 that sells for 99616. Help With Your Math Homework.