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nozzery t1_j6ke6vd wrote

You get 4.83% annual interest rate. If you hold for 180 days, $deposit * 0.0483 / 365 * 180 = $interest. Do not sell TBills before maturity, or you may lose money.

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fdjadjgowjoejow t1_j6kwyt8 wrote

> $deposit * 0.0483 / 365 * 180 = $interest.

Rookie # 2 here. I'm sorry but could you kindly explain the math another way? The asterisks and the $ sign in front of interest have me confused. I do understand that for example if the investment was $100 and the yield was annualized at 4.83% and the investment was for 6 months that you would not be getting $4.83 at the end of 6 months but rather $2.415 but I don't understand what is being multiplied and divided in the example above.

My math skills (understanding) are from " The Little House on the Prairie"

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