Calculator Inputs and Outputs
Inputs
- Maturity value — example: 10000
- Purchase price — example: 9750
- Days to maturity (days) — example: 91
Results
- Bank discount yield
- Investment yield
- Dollar discount
Formula used
Bank discount yield uses face value and a 360-day year; investment yield uses price and a 365-day year.
How to Use the Treasury Bill Discount Yield Calculator
Enter the requested values, check the units and assumptions, then select Calculate Treasury Bill Discount Yield. The built-in defaults provide a complete working example.
Formula
Bank discount yield uses face value and a 360-day year; investment yield uses price and a 365-day year.
Understanding the Results
The primary answer appears first. Supporting outputs show related quantities, conversions, dates, costs, ratios, or intermediate values. Calculations keep additional precision before display rounding.
Accuracy Tips
- Use measured values and consistent units.
- Review assumptions, rates, timing, and efficiency inputs.
- Recalculate after changing any condition.
Important Note
This tool provides an informational estimate. Confirm critical financial, medical, construction, scientific, tax, legal, or safety decisions with an appropriately qualified professional.
Calculation Standards
This tool uses documented formulas and high-precision internal values. Displayed results may be rounded for readability. Review the assumptions and verify important decisions with a qualified professional.
Read our calculation methodology