The amount earned by Robin is $224
- Given the cost of 182-day T-bill = $160,000
If Robin is discounted to yield 1.96%, the amount yield is expressed as:
The yield of 1.96% = 1.96% of 160000
The yield of 1.96% = 0.0196 * 160000
The yield of 1.96% = $3136
Similarly, if the yield is dropped to 1.82%
The yield of 1.82% = 1.82% of 160000
The yield of 1.82% = 0.0182 * 160000
The yield of 1.82% = $2,912
Amount earned by Robin = $3136 - $2192
Amount earned by Robin = $224
Hence the amount earned by Robin is $224
Learn more on discounts here: brainly.com/question/17745353
