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

Algebra ->  Probability-and-statistics -> 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      Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
634.69*.079=$50.14 amount of the interest due.