Question: How do you get this answer? 21. A vendor offers terms of 3/10,n30. What is the ANNUAL interest rate (rounded) the vendor is charging a

How do you get this answer? How do you get this answer? 21. A vendor offers terms of

21. A vendor offers terms of 3/10,n30. What is the ANNUAL interest rate (rounded) the vendor is charging a buyer who does not pay within 10 days? 3% 36% 56% a. b. d. 108%)

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