Mathematics · Financial Mathematics
A bank has a surplus of 1000 crore rupees for exactly 91 days. It evaluates two options using a 365-day year standard: Option 1: Invest in a 91-day Treasury Bill at a discount rate of 6.50% per annum. Option 2: Lend in the Certificate of Deposit (CD) market at a yield of 6.75% per annum. Calculate the absolute difference in the total earnings (interest income) between the two options at maturity.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 16,250,000 rupees
- 26,232,877 rupees✓
- 35,000,000 rupees
- 42,500,000 rupees
Correct answer
6,232,877 rupees
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