# simple intrest

posted by .

Carol Miller went to Europe and forgot to pay her 740 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penality of 15 dollars. What was the rate of intrest charged by the bank? Round to the nearest hundredth percent (assume 360 days).

• simple intrest -

You haven't given enough information to solve this problem. The penalty charged by the bank for a late payment doesn't have anything to do with the rate of interest.

• simple intrest -

This is what the problem says and that is all the information i have from the book

• simple intrest -

I suggest you ask your teacher to clarify the problem. A penalty has nothing to do with the interest rate. Banks, though, often charge an additional penalty for late payments.

• simple intrest -

FEDERICO TAN

## Similar Questions

1. ### Intrest

Carol Miller went to Europe and forgot to pay her 740 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penality of 15 dollars. What was the rate of intrest charged by the …
2. ### Intrest Problem

Carol Miller went to Europe and forgot to pay her 740.00 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penalty of 15 dollars. What was the rate of intrest charged by …

carol miller went to europe and forgot to pay her 4740 mortgage payment on her new hampshire house,. for her 59 days overdue on her paymen. the bank charged her a penalty of \$15 assume 360 days. what was the rate of interest charged …

carol miller went to europe and forgot to pay her \$740 mortgage payment on her new hampshire house. for her 59 days overdue on her payment, the bank charged her a penalty of \$15 (assume 360 days) what was the rate of interest charged …

Carol Miller went to Europe and forgot to pay her \$750 mortgage payment on her New Hampshire ski house. For her 45 days overdue on her payment, the bank charged her a penalty of \$16. (assume 360 days). What was the rate of interest …
6. ### Math

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 …
7. ### bus 123

Carol Miller went to Europe and forgot to pay her \$850 mortgage payment on her New Hampshire ski house. For her 55 days overdue on her payment, the bank charged her a penalty of \$26. (assume 360 days). What was the rate of interest …