Cost of not taking discount.

This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.

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September 6, 2021 at 3:10 am #634518
Sourav9271
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A supplier offers 3% discount for payment within 10 days .Or
Full payment in 45 days (360days p.a)

Options:
37.11%
36.00%
24.74%
31.81%

Sir I sloved it like this is it correct?

1+(3/97)^10.29-1= 36.8%
September 6, 2021 at 8:14 am #634534
John Moffat
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Yes, it is correct.
September 6, 2021 at 8:37 am #634542
Sourav9271
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Thank you sir. 🙂
September 6, 2021 at 5:08 pm #634596
John Moffat
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You are welcome 🙂
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