You buy goods for $10,000 and receive an invoice with terms 1/10,n/40.What is the maximum simple interest rate that you would borrow money at to take advantage of the discount?
A)9.13%
B)9.22%
C)12.17%
D)12.29%

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The Answer of You buy goods for $10,000 and receive an invoice with terms 1/10,n/40.What is the maximum simple interest rate that you would borrow money at to take advantage of the discount?
A)9.13%
B)9.22%
C)12.17%
D)12.29%

You Buy Goods for $10,000 and Receive an Invoice with Terms