Multiple Choice
Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-John forgot to pay his $413.00 income tax on time. The IRS charged a penalty of 3% for the 35 days The money was late. Find the penalty that was paid. (Use a 365 day year.)
A) $414.19
B) $0.14
C) $1.15
D) $1.19
Correct Answer:
Verified
Correct Answer:
Verified
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