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a tortaiting institution has accepted to discount ( purchase ) the L / C on Apr. 1 5 2 0 2 4 with the annual

a tortaiting institution has accepted to discount (purchase) the L/C on Apr. 152024 with the annual discount rate of 12%.
What is the amount of interest the forfaiting will charge the exporter on Apr. 15,2024(with
2 decimal).
Note: the First and last day are included in the period of discounting.
216,000
116,580.82
117,600
118,200
115,989.04

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