Question 1.) Chads’s property tax is $ style=”color:rgb(0,0,0);”>682.83 and is due April 20. He does not pay until June 3.The county adds a penalty of 9.7% simple interest on unpaid tax. Find the penalty Chad will pay. (Assume there are 365 days in a year.) 2.) buys a new car for $13,000. She makes a down payment of $3,000 and the dealer gives her an add-on loan, charging her an annual interest rate of 9.6%. If she takes out a 4 year loan, what will Micah’s monthly payments be?
Question
1.) Chads’s property tax is $ style=”color:rgb(0,0,0);”>682.83 and is due April 20. He does not pay until June 3.The county adds a penalty of 9.7% simple interest on unpaid tax. Find the penalty Chad will pay. (Assume there are 365 days in a year.)
2.) buys a new car for $13,000. She makes a down payment of $3,000 and the dealer gives her an add-on loan, charging her an annual interest rate of 9.6%. If she takes out a 4 year loan, what will Micah’s monthly payments be?
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