Question

If you're paying a bill for the office that has "5%, 10 days" stamped across it, how much would you write a check for if you were paying a $100 bill 6 days from the date of invoice?

Answer 1

The answer is : $103.00

$100 x .05 = 5.00

5.00/10 = .50

.50 x 6 (days) = 3.00

$100.00+3.00 = $103.00