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College Math

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i'm having trouble calculating this. can someone help please?

A $7,000, 4%, 120-day note, dated March 20, is discounted on July 15. Assuming a 3% discount rate, the bank discount is:
a) $1.74
b) $1.77
c) $7.11
d) $17.68
e) None of these

.

  • College Math -

    answer is b

  • College ALGEBRA -

    . Solve for the unknown in the equation.
    3x – 1 = 8

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