Question

Frank’s electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Frank pays his electric bill on the 12th of the month?

Answer 1

In this case, since Frank's electric bill has a cycle day of the 3rd and due 8 days later, so that would be on the 11th day, and a grace period of one day which is the 12th day, what happens if Frank pays his electric bill on the 12th of the month is that, there will be no extra fees or penalties to be paid since he just paid on time. Hope this helps.