Solve the problem.Find the discount and proceeds on a $67,720.00 face-value note for 100 days if the discount rate is 9.75%.

A. Discount = $0.00
Proceeds = $67,720.00
B. Discount = $1834.08
Proceeds = $65,885.92
C. Discount = $1808.96
Proceeds = $65,911.04
D. Discount = $6602.70
Proceeds = $61,117.30


Answer: B

Mathematics

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