Question

costs of borrowing money quick check
read the provision of samanthas lease.
due date: first of each month
grace period: three days
late fee: $30
if samantha pays her rent on the fifth of the month, what will happen?
(1 point)
○ the landlord will take $30 from samanthas deposit.
○ nothing will happen because she has paid within the grace period.
○ she will be forced to move out.
○ she will be charged $30.

Explanation:

The due date is the first of each month. The grace period is three days (so until the 4th). Paying on the 5th means she is late. The late - fee is $30.

Answer:

She will be charged $30.