Marble Company Discounts a Customer's 10%,$7,000,90-Day Note Dated August 1,on

Multiple Choice

Marble Company discounts a customer's 10%,$7,000,90-day note dated August 1,on September 20.The discount period is 40 days,and the bank discount rate is 15%.The maturity value of the note is $7,175.The bank discount is:

A) $95.62.
B) $31.88.
C) $119.58.
D) $43.25.