Calculate the annual interest rate associated with each of the following terms:
a. 2/5, net 30
b. 2/10, net 20
c. 3/15, net 30

What will be an ideal response?


a.

?

                                             

?

                                             

?

                                             

?

b.

?

                                             

?

                                             

?

                                               

?

c.

?

                                             

?

                                             

?

                                             


Business

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