Asked by Thara!
A store receive an invoice for $1773.75 dated January 23 with terms 3/10, 1.5/25, n/45.
a) What is the balance after a payment of $1250 on Februray 2?
1250/(1-.03)=1288.66
1288.66-1773.75=485.09
Answer for (a)$485.09
b) What additional payment on February 17 will settle the invoice?
1250/(1-.015)=1269.04
1269.04 + 485.09=1754.13
1754.13-1773.75=19.62
Answer for (b)$19.62
Can u please edit this! thnx
a) What is the balance after a payment of $1250 on Februray 2?
1250/(1-.03)=1288.66
1288.66-1773.75=485.09
Answer for (a)$485.09
b) What additional payment on February 17 will settle the invoice?
1250/(1-.015)=1269.04
1269.04 + 485.09=1754.13
1754.13-1773.75=19.62
Answer for (b)$19.62
Can u please edit this! thnx
Answers
Answered by
Thara!
is it right? :S