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Exam F1 Topic 1 Question 71 Discussion

Actual exam question for CIMA's F1 exam
Question #: 71
Topic #: 1
CDE has been offering its customers a 50-day credit period, but now wants to improve its cash flow.
CDE is proposing to offer a 2% discount for payment in 20 days. "
Assume a 365-day year and an invoice value of $100
Which of the following is the effective annual interest rate CDE will incur for this action?

Suggested Answer: D Vote an answer

by Pamela at Jun 30, 2026, 06:18 AM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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