Question

A company received an invoice for $2859.01 dated August 18 with terms 6/15, 1/30, 1/60 (a) If the invoice is paid on September 1, how much is to be paid? (b) If the invoice is paid on September 13, how much is to be paid? (c) If the invoice is paid on October 15, how much is to be paid? (a) The amount to be paid on September 1 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) (b) The amount to be paid on September 13 is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The amount to be paid on October 15 is SI (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)

immidately please

Answer 1

6/15 means if you pay the bill within 15 days you will get a discount for 6%

1/30 means if you pay the bill within 30 days you will get a for 1%

n/60 means if you pay the bill within 60 days you will not get any discount

a)

you paid the bill on september1 (i.e.,nearly 13 to 14 days from august 18 ) so you will get a discount for 6% is 0.06.

= 2,859.01−(2,859.01×0.06)
= 2,687.4694

b)

you paid the bill on september 13 (i.e.,nearly 25 to 26 days from august 18 ) so you will get a discount for 1% is 0.01.

= 2,859.01−(2,859.01×0.01)
= 2,830.4199

c)

you paid the bill on october 15 (i.e.,nearly 55 to 56 days from august 18 ) so you will get a discount for 0% (no discount).

= 2,859.01−(2,859.01)
= 2,859.01.

so, you have any complete money.