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A creditor, S. Kaprey Wholsalers, whom you owe R15 000 offers you a R450 discount...

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Accounting

A creditor, S. Kaprey Wholsalers, whom you owe R15 000 offers you a R450 discount if you pay the account within 15 days of the statement date and the full amount is payable in 40 days. You decide. not to accept the discount.

There are 365 days in a year. The nominal annual cost of not accepting the discount is: (Rounded to 2 decimal places)

A. 39.76%

O B. 35.26%

O C. 45.15%

D. 34.12%

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