Veronica Was Offered a Loan Using the Discount Method of Calculation

Multiple Choice

Veronica was offered a loan using the discount method of calculation by her bank.She will borrow $10,000 for one year at an APR of 11%.How large will the check be that Veronica receives? How much must she repay?

A) $11,100;$11,100
B) $10,000;$11,100
C) $8,900;$11,100
D) $8,900;$10,000
E) None of the above is correct.