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

his payment is recieived after the due date but he will not be assessed a late fee because of the grace period

Answer 2

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

And the due date of the bill is 8 days later

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

The bill is to be paid by 11th

But 1 day grace period is given

So

11+1

=12

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

And

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

So no penalty will be imposed.