Find the Discount and Proceeds on the Simple Discount Note

Multiple Choice

Find the discount and proceeds on the simple discount note.
-Face value: $5,000.00 Discount rate: 11%
Time (days) : 60

A) Discount: $91.67
Proceeds: $4,908.33
B) Discount: $0.00
Proceeds: $5,000.00
C) Discount: $550.00
Proceeds: $4,450.00
D) Discount: $90.41
Proceeds: $4,909.59