Question: A 60-day, 12% note for $10000, dated May 1, is received from a customer on account. If the note is discounted on May 21 at

A 60-day, 12% note for $10000, dated May 1, is received from a customer on account. If the note is discounted on May 21 at 15%, the proceeds are:

a. $170

b. 9830

c. 10000

d. 10030

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