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Green Giant offers credit terms of 3/5, net 30. What is the annual percentage rate (APR) on a $14,000 purchase that Kroger will pay if

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Green Giant offers credit terms of 3/5, net 30. What is the annual percentage rate (APR) on a $14,000 purchase that Kroger will pay if they do not take advantage of the cash discount? Select one: o a. 54.08 percent O b. 61.20 percent c. 47.23 percent O d. 45.16 percent e. 38.76 percent

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