I signed a 10,000.00 simple discount promissory note at a bank. The discount rate was 6% ordinary interest and the note was made on May 9th for 125 days. What proceeds did I receive on the note?

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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I signed a 10,000.00 simple discount promissory note at a bank. The discount rate was 6% ordinary interest and the note was made on May 9th for 125 days. What proceeds did I receive on the note?
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