Solved

A Wholesale Electrical Supply Store Is Offering to Its Customers

Question 23

Multiple Choice

A wholesale electrical supply store is offering to its customers terms of 3/30,n/90.What is the highest simple interest rate that A-1 Electric can afford to borrow money in order to take advantage of the discount?


A) 12.17%
B) 12.54%
C) 18.25%
D) 18.81%

Correct Answer:

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