Simple Interest Example (Actuarial Exam FM - Financial Mathematics - Module 1, Section 3)

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SOA Exam FM (Financial Mathematics) Module 1, Section 3
In this video, you're given the following example:
The Government of Canada issues a 180-day Treasury Bill (T-Bill) with a quoted rate of 4% and a redemption value of 1000.
Determine the price of the T-Bill.
(Note that you're asked to use simple compounding.)

[@k3vinz_]

This was my professor at FSU for LTAM, I never knew Dr. Paris was on youtube until now, nice.

[@analystprep]

Great to hear!

[@ShoeboxInAShoebox]

Hello, would an FM exam typically provide the information about the period of the interest rate? When I read the problem I initially assumed the period would be 180-days, as that is the duration of the TBill, not 365 days.