An Invoice for $7,000 Dated September 15 with Terms 2/10

Multiple Choice

An invoice for $7,000 dated September 15 with terms 2/10, 1½/20, n/30, EOM is received in the mail on September 25. A payment is sent on October 10 for $3,000. What is the outstanding balance?

A) $3,940.00
B) $3,955.00
C) $3,938.78
D) $4,000.00
E) $3,954.31