One of Tardy's suppliers offers terms of 1/10, net 45. If Tardy's delays payment until day 45 (i. e., does not take the discount), what effective annual rate of interest is Tardy paying on its trade credit?

Nthis economy, community members typically use simple tools to plant and harvest crops. food supplies are supplemented by hunting animals and gathering plant materials. members trade with each other to obtain needed goods, as few people hold currency. little economic growth occurs. what type of economy is being described?