Carlton Manufacturing had $80,000 in surplus cash. The financial manager decided to invest in a United States Treasury Bill with a face value of $80,000. The bill matured in 126 days. The interest rate was 14.9% ordinary interest at exact time. The bank service fee was $25. What was the cost of the Treasury Bill?

A (U.S.) business math course typically includes a review of elementary arithmetic, including fractions, decimals, and percentages. Elementary algebra is often included as well, in the context of solving practical business problems.