Marble Company Discounts a Customer's 12%,$5,000,60-Day Note Dated August 1,on

Multiple Choice

Marble Company discounts a customer's 12%,$5,000,60-day note dated August 1,on August 16.The discount period is 45 days,and the bank discount rate is 15%.The maturity value of the note is $5,100.The bank discount is:

A) $95.62.
B) $31.88.
C) $769.78.
D) $43.25.