A Loan of $10,000 Was Taken Out at a Simple

Multiple Choice

A loan of $10,000 was taken out at a simple interest rate of 12%.The first two partial payments are: $200 (91 days after the loan date) and $Y (39 days later) .Using the declining balance method,the loan balance immediately after the payment of Y is $8228.67.What is the value of Y?

A) $2198.73
B) $2002.56
C) $2000.00
D) $1998.73