Marker Printing Company had $20,000 in surplus cash. Sue Marker decided to invest in United States Treasury Bills at an interest rate of 10.45%. She purchased a 110-day bill with a face value of $20,000. The bank charged a $15 service fee. 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.