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Hernandez Engineering received a promissory note of $ 1 5 , 5 0 0 at 1 1 % simple interest for 1 5 months from

Hernandez Engineering received a promissory note of $15,500 at 11% simple interest for 15 months from one of its customers. After 6 months, Union Bank discounted the note at a discount rate of 12.5%. Calculate the proceeds that Hernandez Engineering will receive from the discounted note.
Question 12 options:
A)
$18,733.20
B)
$15,978.32
C)
$17,631.25
D)
$16,529.30

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