Solve the problem.On June 8, Donaldson's Trucking accepts a $3100 note in settlement of a bill. The note is for 210 days at 9% interest based on ordinary interest. Donaldson sells the note at a 12% discount rate on July 16. using the banker's rule Find the proceeds.

A. $3122.45
B. $3075.69
C. $3074.60
D. $3047.92


Answer: B

Mathematics

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