Find the Discount and Proceeds on the Simple Discount Note

Multiple Choice

Find the discount and proceeds on the simple discount note.
-Face value: $47,300.00 Discount rate: 9.75%
Time (days) : 100

A) Discount: $4,611.75
Proceeds: $42,688.25
B) Discount: $1,281.04
Proceeds: $46,018.96
C) Discount: $1,263.49
Proceeds: $46,036.51
D) Discount: $0.00
Proceeds: $47,300.00