Solve the problem. Round rates to the nearest tenth of a percent, dollar amounts to the nearest cent, and time to the nearest day.Leon Harding receives proceeds of $5,095 after signing a 180-day note for $5,400. Find the discount rate.

A. 11.7%
B. 11.3%
C. 11.6%
D. 15.3%


Answer: B

Mathematics

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