The county adds a penalty of 77 simple interest on unpaid


Deep's property tax is ?$695.11 and is due April 15. He does not pay until July 6. The county adds a penalty of 7.7?% simple interest on unpaid tax. Find the penalty Deep will pay. ? (Assume there are 365 days in a? year.)

?(Round to the nearest ?cent.)

?(January, March,? May, July,? August, October, and December have 31 days. ? April, June,? September, and November have 30 days. February usually has 28? days.)

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Finance Basics: The county adds a penalty of 77 simple interest on unpaid
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