Find the value of x (3x+20) (5x-16)
2 answers:
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Answer:
80%
Step-by-step explanation:
Data provided as per the question
Number of days in a year = 360 days
Discount provided = 2%
Total net credit period = 30
The calculation of implied annual interest rate inherent in the credit terms is shown below :-
Therefore for computing the inherent in the credit terms we simply applied the above formula.