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Bowman Corporation has just received an invoice. The terms are 2/10, net 30. The total amount of the invoice is $3,000. What is the interest

Bowman Corporation has just received an invoice. The terms are 2/10, net 30. The total amount of the invoice is $3,000. What is the interest rate for the 20 day period?

  1. 1.5698%
  2. 1.8848%
  3. 1.8905%
  4. 2.0408%
  5. 2.4808%

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