38. A customer is late paying their renewal registration fee. The renewal registration fee is $124.88 and the late fee is 35% of the renewal registration fee. What is the customer’s total balance due?
Question
- A customer is late paying their renewal registration fee. The renewal registration fee is $124.88 and the late fee is 35% of the renewal registration fee. What is the customer’s total balance due?
Solution
Step 1: Identify the renewal registration fee which is $124.88.
Step 2: Calculate the late fee. The late fee is 35% of the renewal registration fee. To find this, multiply the renewal registration fee by 35%.
43.71
Step 3: Add the late fee to the renewal registration fee to find the total balance due.
43.71 (late fee) = $168.59
So, the customer’s total balance due is $168.59.
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