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John purchased a 60-day $500,000 bank bill (at a simple int

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John purchased a 60-day $500,000 bank bill (at a simple interest…John purchased a 60-day $500,000 bank bill (at a simple interest rate) on 15 July 2021. The purchase price was $490,550.He sold this bank bill on 13 August 2021.(a) What was hisselling price, if he sold this bank bill at a yield of 2.69% p.a. (simple interest)? Round your answer to three decimal places.a.498860.275b.498823.596c.497798.775d.498896.959Business Finance FINANCIAL ACST2001

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