Kingbird, Inc. purchased merchandise with an invoice price of $3200 and credit terms of 2/9, n/30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms?

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.

wfirfkfr/jjfi; jn; p/ojkfvlbvmkmgkgkkkgkkg

step-by-step explanation:

i suppose it should be (y=2x-5)

step-by-step explanation: