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A 90-day promissory note promises to pay Mr. Jones $3000 plus simple interest at 10%. After 61 days, it is sold to a bank that

A 90-day promissory note promises to pay Mr. Jones $3000 plus simple interest at 10%. After 61 days, it is sold to a bank that discounts the note at a simple interest rate of 12%. How much does the bank pay for the note?

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