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 Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
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![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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0a9267cf-8e34-41e0-92ec-06b114eb620d%2Fa42f1078-f97e-4b1b-8007-94141f9ba6a3%2Fezsnl_processed.png&w=3840&q=75)
Transcribed Image Text: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.)
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