Assume that a bank needs to borrow $209,693.75 from the Central Bank to meet any shortfall in its required reserves. The number of days to maturity of this loan is 35 days when the bank needs to pay $210,000 for this loan to the central Bank. The discount rate on this loan is:

Group of answer choices

A. 1.5%.

B. 1.71%.

C. 2.05%.

D. 2.20%.

E. 3.00%.

F. 3.08%