Solve the problem.The Gibralter Company loaned $5675 for 150 days to the Hazen Company for the purchase of business supplies. The Gibralter Company sold the 8% simple interest note 36 days later at an 9% discount rate. Find the discount period and the discount.
A. Discount period: 114 days
Discount: 156.35
B. Discount period: 114 days
Discount: 167.13
C. Discount period: 186 days
Discount: 272.68
D. Discount period: 114 days
Discount: 164.77
Answer: B
Mathematics
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