Your electric bill is $136. You are charged 14% simple interest for late payments. How much do you owe if you pay the bill 1 month past the due date? (Round your answer to two decimal places.)

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texaschic101 texaschic101 · Answer 1 · 2017-11-09T14:43:10+01:00

136 * 1.14 = 155.04 <==

or u can also do it this way..
136 + 0.14(136) = 136 + 19.04 = 155.04 <==

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shristiparmar1221 shristiparmar1221 · Answer 2 · 2021-12-13T05:23:10+01:00

This question is based on the concept of simple interest. Therefore, the bill we have to pay 1 month past from the due date is $155.04.

Given:

Electric bill is $136. Charged 14% simple interest for late payments.

We need to determined the owe if we pay the bill 1 month past from the due date.

According to question,

It is given that, electric bill = $136

Simple interest = 14%

Now, for calculating the bill of 1 month past the due date.

We would be added electric bill and 14% of electric bill .

We get,

⇒ 136 + 14% of 136 ...(1)

Now calculated the 14% of 136.

We get,

[tex]= \dfrac{14}{100} \times 136\\\\= 0.14 \times 136 \\\\= 19.04[/tex]

Now solve the equation (1).

We get,

136 + 19.04 = $155.04

Therefore, the bill we have to pay 1 month past from the due date is $155.04.

For more details, prefer this link:

https://brainly.com/question/22621039