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Bella Sandino failed to pay her cell phone bill in the amount of $85.14 by the due date of March 4. Calculate the amount Bella must pay on March 20 if the company charges 20% interest on late payments.
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Bella Sandino failed to pay her cell phone bill in the amount of $85.14 by the due date of March 4. Calculate the amount Bella must pay on March 20 if the company charges 20% interest on late payments. Assume a 365-day year.

User Sahib Yar
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2 Answers

6 votes
 $85.14/ 100= 0.8514 x 20= 17.028 + 85.14 = $102.168
User YahyaE
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7.8k points
4 votes
85.14*(1 +0.20*16/365) = 85.89
User Demian Flavius
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8.2k points
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