Solve the problem. Round to the nearest hundredth of a percent.Frank wants money for 210 days to pay his credit card debt. His bank charges 11% simple discount rate. A second bank is offering a simple interest rate. What is the maximum simple interest he should accept so that he does not pay more than at his bank?
A. 10.69%
B. 12.82%
C. 11.75%
D. 11.88%
Answer: C
Mathematics
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Mathematics