On April 12, Dr. Rowan accepted a $10,000, 60-day, 11% note from Bill Moss granting a time extension on a past-due account. Dr. Rowan discounted the note at the bank at 12 percent on May 13. The bank discount is:
a) $98.44
b)$111.94
c)$94.48
d)$111.49
e)None of these
On April 12, Dr. Rowan accepted a $10,000, 60-day, 11% note from Bill Moss granting a time extension on a past-due account. Dr. Rowan discounted the note at the bank at 12 percent on May 13. The bank discount is:
a) $98.44
b)$111.94
c)$94.48
d)$111.49
e)None of these
@Mathematics

Question

On April 12, Dr. Rowan accepted a $10,000, 60-day, 11% note from Bill Moss granting a time extension on a past-due account. Dr. Rowan discounted the note at the bank at 12 percent on May 13. The bank discount is:
 a) $98.44
 b)$111.94
 c)$94.48
 d)$111.49
 e)None of these
 On April 12, Dr. Rowan accepted a $10,000, 60-day, 11% note from Bill Moss granting a time extension on a past-due account. Dr. Rowan discounted the note at the bank at 12 percent on May 13. The bank discount is:
 a) $98.44
 b)$111.94
 c)$94.48
 d)$111.49
 e)None of these
 @Mathematics