Question: Marble Company discounts a customers 12%, $5000, 60-day note dated August 1, on August 16. The discount period is 45 days, and the bank discount

Marble Company discounts a customers 12%, $5000, 60-day note dated August 1, on August 16. The discount period is 45 days, and the bank discount rate is 15%. The maturity value of the note is $5,100. The bank discount is:

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