Clark made four of his truck payments late and was fined four late fees. the total change to his savings from late fees was -$40. how much was one late fee
The correct answer is:
Each late fee was $10.
Explanation:
Clark lost $40 from 4 late fees. To find out the amount of each late fee, we divide:
40/4 = 10
This means each late fee was $10.
The charge of one late fee is -$10.
Given that,
We need to find out the charge of one late fee.
So, the following formula should be used
\(= \frac{Total\ late\ fees}{number\ of\ late\ fees} \\\\= \frac{-\$40}{4}\)
= -$10
Therefore we can conclude that the charge of one late fee is -$10.
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