With credit terms of 2/10, n/30, the annual interest rate for paying in 10 days instead of 30 days is closest to
A. 2%
B. 24%
C. 30%
D. 36%
Answer:D
With credit terms of 2/10, n/30, the annual interest rate for paying in 10 days instead of 30 days is closest to
A. 2% B. 24% C. 30% D. 36%