If you are buying or selling a US Treasury Bill, you can use this online converter to calculate the discount rate from a given price for a $100 face value, Other performance measures are also provided, including interest income at maturity.

Discount rate and other information calculated by FYIcenter.com:

Discount rate: 1.2214%.

Security Details:
  Security type: US Treasury Bill
  Unit price: $98.7650 for $100.00 face value
  Accrued interest: $0.00 for $1,000.00 face value.
  Totoal price: $987.6500 for $1,000.00 face value
  Discount rate: 1.2214%
  BEY (Bond Equivalent Yield): 1.2500%
  YTM (Yield To Maturity): 1.2539%.
  Maturity date: 2027-02-14
  Days/months/years/weeks left: 364/12.00/1.00/52.00

Income Information:
  Interest income for 2027: $12.35
  Capital gain income for 2027: $0.00
  Total income: $12.35

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Sensibility Tests: 
      Price   Chg Rate |  Dis. Rate    Chg Val
  ---------  --------- |  ---------  ---------
   $98.7650   baseline |    1.2214%   baseline
   $97.7650   -1.0125% |    2.2104%     0.9890
   $88.7650  -10.1250% |   11.1115%     9.8901

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Related Conversion Tools:
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The following formulas are used in the above calculations:

$d={\displaystyle \frac{\mathrm{Year}}{\mathrm{Days}}}\times {\displaystyle \frac{(F-P)}{F}}$
$P=\text{Purchase price}$
$F=\text{Face value}$
$d=\text{Discount Rate}$
$\mathrm{Days}=\text{Number of days to maturity}$
$\mathrm{Year}=360=\text{Constant number of days in a year}$

As you can see from the above formula, the discount rate represents the annualized rate of the discount you get off the face value when you purchase a T-Bill.

For more information, see the following tutorial:

• Discount Rate of US Treasury Bill

⇒ BEY (Bond Equivalent Yield) to Price Converter for T-Bills

⇐ Discount Rate to Price Converter for T-Bills

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