Ask Question
1 June, 05:44

Bella forgot to pay her college account of $1,800 until it was 70 days overdue. She was charged a penalty of $59.50. Find the rate of interest that was charged as a penalty. Assume a 365-day year. Round to the nearest tenth of a percent.

+3
Answers (1)
  1. 1 June, 05:46
    0
    17.2%, 59.50 / 70 x 365 = 310.25. 310.25/1800 x 100 = 17.2.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Bella forgot to pay her college account of $1,800 until it was 70 days overdue. She was charged a penalty of $59.50. Find the rate of ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers