Lorna Hall’s real estate tax of $2,010.88 was due on December 14, 2017. Lorna lost her job and could not pay her tax bill until February 27, 2018. The penalty for late payment is 61/2% ordinary interest. (Use Days in a year table.)
a. What is the penalty Lorna must pay? (Round your answer to the nearest cent.)
b. What is the total amount Lorna must pay on February 27? (Round your answer to the nearest cent.)
