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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.)

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
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.)
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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