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Need help for a calculation for a late fee.

Question asked by sevenmf on Mar 24, 2014
Latest reply on Mar 24, 2014 by philmodjunk

Title

Need help for a calculation for a late fee.

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     I need help for a calculation. In our school if a student pays their tuition fee past 10 days of the month they would be charged for a late fee of, lets say 5%. 

     Lets say if i input the amount $40.00 and the database detects that it has been past 10 days of the month then there would be a 5% charge to the amount.

     Is there a calculation/formula for this? 

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