Question: Question Content Area Assuming a 3 6 0 - day year, the interest charged by the bank, at the rate of 9 % , on

Question Content Area
Assuming a 360-day year, the interest charged by the bank, at the rate of 9%, on a 90-day, discounted note payable of $80,273 is
a. $1,806
b. $7,225
c. $80,273
d. $3,613

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