invoice amount for $11,283.45 with terms 3/10,2/15,N30-5% APR how much is the check amoun?

2 Answers

  1. It would depend on when the invoice is paid.

    If it’s paid within 10 days, there’s a 3% discount

    11,283.45 x 3% = $338.50 discount

    If it’s paid within 11 – 15 days, there’s a 2% discount.

    11,283.45 x 2% = $225.67 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

  2. 11235.89

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