SOLUTION: Roy�s property tax is $634.69 and is due April 5. He does not pay until July 30. The county adds a penalty of 7.9% simple interest on unpaid tax. Find the penalty using exact inter

SOLUTION: Roy�s property tax is $634.69 and is due April 5. He does not pay until July 30. The county adds a penalty of 7.9% simple interest on unpaid tax. Find the penalty using exact inter

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Question 350364: Roy�s property tax is $634.69 and is due April 5. He does not pay until July 30. The county adds a penalty of 7.9% simple interest on unpaid tax. Find the penalty using exact interest. (round to the nearest cent.)
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
634.69*.079=$50.14 amount of the interest due.
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