Question

Franks 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

Cycle = 3rd of the month

Due in 8 days:

Due Date = 3 + 8 days later

Due Date = 11th

Find Due Date with grace period:

Grace Period = 1 day

Due Date = 11th + 1 day

Due Date with grace period = 12th of the month

Frank is just on time to pay his electric bill

Answer 2

Dear Student:

Frank’s electric bill has a cycle day of the 3rd

The due date of the bill is 8 days later

Which is 3+8 = 11th of that month is the due date

The bill is to be paid by 11th

And 1 day grace period is given

Hence,

11+1=12

If one pays the bill by 12th of that month , then no penalty will be imposed.

But Frank pays his electric bill on the 12th of the month.

So,no penalty for paying bill on 12th.

Thanks

Hope it helps

With Regards