Andrew Has a Promissory Note for $15,000 Dated April 6,2010

Multiple Choice

Andrew has a promissory note for $15,000 dated April 6,2010.The note has a legal due date 123 days later,with simple interest at 12%.Andrew sells the note on June 1,2010 to a bank charging a simple interest rate of 15%.What are the proceeds of the sale?

A) $15,202.77
B) $15,188.40
C) $15,184.55
D) $15,170.17