Solve the following word problems. Round to the nearest cent when necessary.Ronald Brown
Chapter 0, Problem 29(choose chapter or problem)
Solve the following word problems. Round to the nearest cent when necessary.Ronald Brown missed an income tax payment of $2,600. The Internal Revenue Service charges a 15% simple interest penalty calculated by the exact interest method. If the tax was due on April 15 but was paid on July 17, what was the amount of the penalty charge?
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