The simple interest note was discounted at 15%. Find the discount period in days and the proceeds.Loan made: Jan 2Face value: $9,000Length of loan: 120 daysRate: 11%Date of discount: Mar 2
A. 61 days, $8,762.86
B. 61 days, $8,828.95
C. 60 days, $9,158.95
D. 61 days, $9,092.86
Answer: D
Mathematics
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