A six-month non-interest-bearing promissory note issued on April 11, 2015, for $4,000 was discounted at 6.25% simple interest on September 2, 2015. What were the proceeds of the note?

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The Answer of A six-month non-interest-bearing promissory note issued on April 11, 2015, for $4,000 was discounted at 6.25% simple interest on September 2, 2015. What were the proceeds of the note?

A Six-Month Non-Interest-Bearing Promissory Note Issued on April 11, 2015