November 30, 2015

Homework Help: Math

Posted by Jena on Saturday, June 22, 2013 at 4:07pm.

Carol Miller went to Europe and forgot to pay her $820 mortgage payment on her New Hampshire ski house. For her 52 days overdue on her payment, the bank charged her a penalty of $23. (assume 360 days).

What was the rate of interest charged by the bank?

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