Question: This test: 71 point(s) E Test: Practice Final Exam Question 23 of 71 possible This question: 1 Submit test point(s) possible The Gibraltar Company loaned

This test: 71 point(s) E Test: Practice Final
This test: 71 point(s) E Test: Practice Final Exam Question 23 of 71 possible This question: 1 Submit test point(s) possible The Gibraltar Company loaned $9,639 for 120 days to the Hazen Company for the purchase of business supplies. The Gibraltar Company sold the 7% simple interest note 36 days later at an 10% discount rate. Find the discount period and the discount. O A. Discount period: 84 days Discount: $230.16 O B. Discount period: 84 days Discount: $219.66 4 O C. Discount period: 84 days Discount: $226.93 O D. Discount period: 156 days Discount: $427.44 Next HOLOne

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