Which of terms of trade credit is the more expensive

Reference no: EM13299855

Which of the following terms of trade credit is the more expensive?

a.) A 3% cash discount if paid on the 15th day with bill due on the 45th day (3/15, net 45)
b.) A 2% cash discount if paid on the 10th day with the bill due on the 30th day (2/10, net 30)

Reference no: EM13299855

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