company X sells on a 2/10, net 90, basis. customer Y buys goods with an invoice of $ 1,500.

how much can company Y deduct from the bill it pays on day 10?

discount $___________

b. how many extra days of credit can company Y receive if it passes up the cash discount?

number of days _____________days

c. what is the effective annual rate of interest if Y pays on the due date rather than day 10? (Use 365 days in a year. Do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places)

effective annual rate ___________%