Assuming a 360-day year, the interest charged by the bank, at the rate of 12%, on a 90-day, discounted note payable of $119,863 is Oa. $14,384 Ob. $7,192 Oc. $3,596 Od. $119,863

Assuming a 360-day year, the interest charged by the bank, at the rate of 12%, on a 90 -day, discounted note payable of $119,863 is a. 514,384 b. $7.192 c. 53.596 d. $119,263