An engineering firm adds an 18% interest charge (1.5% per month) on money owed them after 30 days. How much interest is owed on a bill of $4,900.00 that is paid in 90 days?

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The Answer of An engineering firm adds an 18% interest charge (1.5% per month) on money owed them after 30 days. How much interest is owed on a bill of $4,900.00 that is paid in 90 days?

An Engineering Firm Adds an 18% Interest Charge (1