Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated.On October 12, Marge Smith paid a state income tax payment, which was due on June 30. The penalty was 10% simple interest on her unpaid tax of $641. Find the penalty using exact interest.

A. $17.91
B. $18.52
C. $18.26
D. $18.44


Answer: C

Mathematics

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