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carol miller went to Europe and forgot to pay her $520 mortgage payment Carol Miller went to Europe and forgot to pay her $520 mortgage

carol miller went to Europe and forgot to pay her $520 mortgage payment
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Carol Miller went to Europe and forgot to pay her $520 mortgage payment on her New Hampshire ski house. For her 60 days overdue on her payment, the bank charged her a penalty of $29. What was the rate of interest charged by the bank? (Use 360 days a year. Do not round your intermediate calculations. Round your answer to the nearest hundredth percent.) % Rate of interest References eBook & Resources Learning Objective: 10-02 (1) Using the interest formula, calculate the unknown when the other two (principal, rate, or time) are given Difficulty: 2 Medium Worksheet Check my work

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