Answer:
I don't believe there is a standard formula for late payments. The late payment charge would vary by the lending institution. Some may have their own formula and some may have a set charge.
Step-by-step explanation:
48 out of 50 correct answers
Sure, what do you need?
x=1
4(x+5)= 24
4x+20=24
-20 -20
____________
4x = 4
___ ____
4 4
x= 1