Ask Question
11 July, 02:54

what would be the amount of a check issued for an 08/11 invoice for 648.50 paid on 09/13 with the terms: 3/10, 2/15, N30-5%APR?

+3
Answers (1)
  1. 11 July, 03:16
    0
    The amount of a check issued for an 08/11 invoice, would depend on when the invoice is paid.

    If it's paid within 13 days, there's a 3% discount. which will be calculated as

    648.50 x 3% = $19.455 discount

    If it's paid within 11 - 15 days, there's a 2% discount.

    648.50 x 2% = $12.97 discount

    If it's paid within 16 - 30 days, there is no discount

    If it's paid after 30 days, 5% APR is added to the bill
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “what would be the amount of a check issued for an 08/11 invoice for 648.50 paid on 09/13 with the terms: 3/10, 2/15, N30-5%APR? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers