Tremezzo Homes Limited draws a promissory note with a face value of $230,000 and a maturity of 90 days. The note can be discounted for $226,646.86. What is the annual interest rate earned by the holder of the note (assuming that the holder of the note will keep the note until maturity)?

A) 2%
B) 6%
C) 3.65%
D) 14.80%
E) Cannot be determined with the information provided