Abbey owed $162.50 to her town water department. The bill was due on November 8. When Abbey
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Abbey owed $162.50 to her town water department. The bill was due on November 8. When Abbey paid the bill on December 12, she paid a total of $171.50, including a late penalty. What annual simple rate of interest does the late fee represent?
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Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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