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Real-Life Math

Justices of the peace deal with a range of math-related items. They assess fines for minor crimes such as traffic violations, charge fees for performing weddings and so on.

You are a justice of the peace presiding over a minor civil dispute involving a customer and the owner of a salon that grooms dogs.

The customer is suing the groomer because the dog lost all its hair after a visit. After listening to the evidence, you decide that you agree with the customer.

So how much is he entitled to receive in damages?

You know he is entitled to the original fee of $50, plus the 5 percent tax on the fee. You also decide to make the kennel owner pay interest on the money at the rate of 4 percent per month (not compounded). It's been 6 months since the ill-fated shampooing.

Finally, you will add on so-called pain and suffering damages for the dog owner. In this case, it's more of a payback for the hassle of having to clean up the dog's hair.

You decide that 200 percent of the actual damages (the shampooing, tax and interest) would be a good number to level.

Then there are court fees: $45 for you and $15 for a fund that keeps the civil courts running.

What's the total bill for the dog grooming company owner?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.