Assuming a 360-day year, proceeds of $52,485 were receivedfrom discounting a $53,556, 90-day note at a bank. The discountrate used by the bank in computing the proceeds was a. 8% b. 9% XOc. 6% d. 1 Assuming a 360 -day yeat, proceeds of 452,485 were received from dwcounting a \\( \\$ 53,556,90 \\)-day note at a bank. The discount rate used by the bank in camputing the proceeds was a. 4.6 h. 9. \\ 2 answers