A six-month $3600 treasury bill sold for $3411. What was the simple annual discount rate?

0.9235%/month

Step by step explanation:

r = (1/6)((3600/3411) - 1) = 0.00923483

r = 0.00923483

Converting r decimal to R a percentage

R = 0.00923483 * 100 = 0.9235%/month

ian gone lie this got me confused

step-by-step explanation:

whole numbers.

step-by-step explanation:

we are given the average monthly rainfall (in millimeters) model r(m) for the years 1900-2009 as a function of the month number m.

as we can see m is taken for the number of months for years 1900-2009.

we know that number of months can't be a negative number or decimal number or a fraction.

so, the number of months could be only positive whole numbers.

therefore, whole numbers is more appropriate for the domain of r.