posted by .

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 charged by the bank? (Do not round intermediate calculations. Round your answer to the nearest hundredth percent. Omit the "%" sign in your response.)

Interest charged 17.06

Explanation:
\$16
R =
= 17.07%
\$750 × 45
360

## 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. ### simple 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 …
3. ### 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 …
6. ### math

Oakwood Plowing Company purchased two new plows for the upcoming winter. In 200 days, Oakwood must make a single payment of \$23,200 to pay for the plows. As of today, Oakwood has \$22,500. If Oakwood puts the money in a bank today, …
7. ### 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 …
8. ### 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 …