A newly issued T-Bill with a $10,000 par value sells for $9,750, and has a 90 day maturity. What is the discount?

A) 10.26 percent

B) .26 percent

C) $2,500

D) 10 percent

E) 11 percent

IF someone could give the the answer as well as worked out solutions it would be much appreciated. The correct answer according to the test bank is 10 percent, but i saw other answer elsewhere.