Problema Solution
If the manufacturer charges a 4 1/2 % late fee, how much would City Cellular owe if it did not pay the balance by the net date?
Answer provided by our tutors
4 1/2 = 4.5%
net amount + 4.5% of net amount = 1.045 * net amount
If the manufacturer charges a 4 1/2 % late fee, how much would City Cellular owe if it did not pay the balance by the net date?
4 1/2 = 4.5%
net amount + 4.5% of net amount = 1.045 * net amount