Question Company X sells on a 1 15, net 90, basis Customer Y buys goods with an invoice of $3,000 a ) How much can company Y deduct from the bill if it pays on day 15 Discount $ 30 b How many extra days of credit can company Y receive if it passes up the cash discount Number of days 75 days c What is the effective annual rate of interest if Y pays on the due date rather than day 15 (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 Company X sells on a 1 15, net 90, basis Customer Y buys goods with an invoice of $3,000 a How much can company Y deduct from the bill if it pays on day 15 Discount 30 b How many extra days of credit can company Y receive if it passes up the cash discount Number of days 75 days c What is the effective annual rate of interest if Y pays on the due date rather than day 15 (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

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Question  Company X sells on a 1 15, net 90, basis  Customer Y buys goods with an invoice of $3,000  a ) How much can company Y deduct from the bill if it pays on day 15  Discount $ 30 b  How many extra days of credit can company Y receive if it passes up the cash discount  Number of days 75 days c  What is the effective annual rate of interest if Y pays on the due date rather than day 15  (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         Company X sells on a 1 15, net 90, basis  Customer Y buys goods with an invoice of $3,000  a  How much can company Y deduct from the bill if it pays on day 15  Discount 30 b  How many extra days of credit can company Y receive if it passes up the cash discount  Number of days 75 days c  What is the effective annual rate of interest if Y pays on the due date rather than day 15  (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

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Question: Company X sells on a 1/15, net 90, basis. Customer Y buys goods with an invoice of $3,000. a.) How much can company Y

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