d$)$ decline stage

Question $7(1$ point$)$

If the supplier's terms are $\frac{3}{15}$ net $45,$ what is the effective annual interest rate related to this discount?

a$)3\mathrm{.}1\%$

b$)20\mathrm{.}4\%$

c$)28\mathrm{.}0\%$

d$)44\mathrm{.}9\%$