Q.

Suppose an investor purchases a 91 days Treasury bill with a face value of ₹2,00,000 for ₹1,92,000. By holding the bill until the maturity date, the investor receives ₹2,00,000. What is the amount of interest received by him?

A. ₹8,000
B. ₹80,000
C. ₹3,92,000
D. ₹2,00,000
Answer» B. ₹80,000
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