heyhi1234 heyhi1234
  • 19-03-2018
  • Mathematics
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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.

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chrisscottsb
chrisscottsb chrisscottsb
  • 19-03-2018
17.2%, 59.50 / 70 x 365 = 310.25. 310.25/1800 x 100 = 17.2.
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