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A draft is partly shown as follows: exchange for USD30, 000.00 New York, 1 June 2021 At 60 days after date pay to the order

A draft is partly shown as follows: exchange for USD30, 000.00 New York, 1 June 2021

At 60 days after date pay to the order of ourselves the sum of USD thirty thousand only.

Suppose the accepted draft was discounted on 1 June, 2021 by the collecting bank, Bank of China, Shanghai at the rate of 10% per annum.

Please calculate discount amount and net proceeds.

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