Library Books Returned 50 Years Late

That fine money would be overpaid if that town was like mine. I got my first library card when our first grade class went to our public library on a field trip. The fine for overdue then was 2 cents per day. So I figure if checked out a book the first day of 1966 (that approx. date) the fine today would be $314.06. 7 more years would just add $51.14.Of course, by the time I was in high school the late fine was 5 cents a day, and, last I knew about, it was 50 cents a day! But those books were borrowed under the term of 50 years ago.

 

They never said interest would be applied. Regardless, I don't think the rates of all goods and services have gone up 25 fold in the last 43 years. If so, a loaf of bread would be $8.25.