You've received an invoice for $3,000 with terms of 3/10, 1/20, n/30. How much will you have to pay if you pay the bill in 12 days?

You'll get a discount of 1%.

0.99 * 3,000 = ?

To determine how much you will have to pay if you pay the bill in 12 days, we need to understand the terms of the invoice.

The terms 3/10, 1/20, n/30 are commonly used in business to specify discounts and payment deadlines. Let's break it down:

1. "3/10" means that there is a discount of 3% if you pay within 10 days. This means that if you pay within the specified time frame, you will only need to pay 97% of the original amount.

2. "1/20" means that there is a discount of 1% if you pay within 20 days. This means that if you pay within this time frame, you will only need to pay 99% of the original amount.

3. "n/30" indicates that the full amount is due within 30 days. If you don't take advantage of the discounts mentioned above, you will have to pay the full amount.

Now, let's calculate:

If you pay the bill within 10 days, you can take advantage of the 3% discount. The amount to pay would be 97% of $3,000, which is calculated as follows: 0.97 * $3,000 = $2,910.

If you pay the bill within 20 days, you can take advantage of the 1% discount. The amount to pay would be 99% of $3,000, which is calculated as follows: 0.99 * $3,000 = $2,970.

However, since you stated that you will pay the bill in 12 days, which is within both the 10-day and the 20-day discount periods, you will qualify for the largest discount. Therefore, you will need to pay $2,910.