Alex was late on his property tax payment to the county. He owed $2,649 and paid the tax 8 months late. The county charges a penalty of 11% simple interest. Find the amount of the penalty. Alex will have to pay a penalty of $ (Round to the nearest cent as needed.)
Alex was late on his property tax payment to the county. He owed $2,649 and paid the tax 8 months late. The county charges a penalty of 11% simple interest. Find the amount of the penalty. Alex will have to pay a penalty of $ (Round to the nearest cent as needed.)
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.35TI: Find the percent increase. (Round to the nearest tenth of a percent.) In 2011, the IRS increased the...
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