Montego Bay Resort Club Offers a Cash Discount of 3

Multiple Choice

Montego Bay Resort Club offers a cash discount of 3% if its customers pay within 15 days after the customer eats dinner. Otherwise, the customer must pay within 30 days. If a customer does not take advantage of the cash discount, then he/she is paying an annual interest rate for not delaying payment for 15 days of

A) 3%.
B) 6%.
C) 36%.
D) 72%.