What do the credit terms $\frac{2}{15},\frac{n}{30}$ mean?

Multiple Choice

A two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale, but before the thirtieth day.

A two percent discount can be deducted for a period up to thirty days following the date of sale.

A fifteen percent discount can be deducted if the invoice is paid within two days following the date of sale.

A two percent discount can be deducted if the invoice is paid before the fifteenth day following the date of the sale.

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