A Merchant Receives an Invoice for a Motor Boat for $5000

Multiple Choice

A merchant receives an invoice for a motor boat for $5000 with term 3/30,n/100.In order to take advantage of discount,he wants to borrow the required money.If he can borrow at r = 18%,how much money does he lose (negative) or save (positive) ?

A) -$17.42
B) -$22.60
C) $22.60
D) $17.42