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Sally statement showed an amount owing of $48.65 payable on October 12. If she forgot to pay the bill until October 28, and the rate was 0.050957%/d. How much interest would appear on his next statement. ?



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Answer:

Hey there! To calculate the interest that would appear on Sally's next statement for paying the bill late, we can use the formula: Interest = Principal * Rate * Time. In this case, the principal amount is $48.65, the rate is 0.050957% per day, and the time is the number of days late (October 28 - October 12). By plugging in these values, we can determine the amount of interest that would be added to her next statement.

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