MA101
3.1 - Solving Basic Percent Problems
3.1 - Solving Basic Percent Problems Read: Ch.3, Sec.3.1 (p.67 - 72)
Percent is used to express a quantity out of 100 units and is represented by the symbol %
Portion = Rate x Base
50% of 60 = 0.50 x 60 = 30
the
T-BILLS, PROMISSORY NOTES, TIME VALUE OF MONEYMA10037 2013
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(1) An $80,000 91 day T-bill was issued 35 days ago. What will it sell at today to yield the purchaser 5.25%?
(2) What is the price of a $100,000 182 day T-bill that yields 6.17%?
(3) JK bought