SOLUTION: The invoice totals $500 but is late. There is a $75 late fee per month and a 1.5% Interest fee per month and it is 9 months late. What is the total?

SOLUTION: The invoice totals $500 but is late. There is a $75 late fee per month and a 1.5% Interest fee per month and it is 9 months late. What is the total?

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Question 1028810: The invoice totals $500 but is late. There is a $75 late fee per month and a 1.5% Interest fee per month and it is 9 months late. What is the total?
Answer by lp2004(2) (Show Source): You can put this solution on YOUR website!
1242.5 dollars 500*.015=7.5*9=67.5 because i multiplied by 9 for nice months, 75*9=675 for nine months. 67.5+675=742.5+500=1242.5
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