Find the discount and proceeds on the simple discount note.Face value: $47,300.00Discount rate: 9.75%Time (days): 100
A. Discount: $0.00
Proceeds: $47,300.00
B. Discount: $1,281.04
Proceeds: $46,018.96
C. Discount: $4,611.75
Proceeds: $42,688.25
D. Discount: $1,263.49
Proceeds: $46,036.51
Answer: B
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