On April 14, Brewster's Purchased $9,800 Worth of Inventory

On April 14, Brewster's purchased $9,800 worth of inventory. The terms of sale were 2/10, net 30. The implicit interest is _____ and the effective annual rate is _____ percent.

A) $196; 14.95
B) $196; 44.59
C) $392; 14.95
D) $392; 27.38
E) $392; 44.59