Jay purchased a 180-day $500,000 bank bill (at a simple interest rate) on 16 July 2023. The purchase price was $490,550. He sold this bank bill on 12 August 2023. What was his selling price, if he sold this bank bill at a yield of 3.43% p.a. (simple interest)? Round your answer to three decimal places.
a. 492,958.660
b. 492,912.992
c. 492,867.332
d. 491,683.146
