A $5,500,10% Note Dated May 20 for 78 Days Was

Multiple Choice

A $5,500,10% note dated May 20 for 78 days was discounted on June 23 at 12%.The amount of the discount (using a 360-day year) is:

A) $119.16.
B) $191.16
C) $124.89.
D) $82.41.