Question: A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on June 10 at

A 60-day, 12% note for $10,000, dated May 1, is received

A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on June 10 at 15%, the proceeds are Select one: a. $10,030 b. $10,200 c. $10,115 d. S10,000

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