A 1% late charge was added to Jenna's bill on the 30th day past its due date. The resulting total was then increased by 1% because she did not pay the bill in the next 30 days either. Her original bill was 400 . Exactly how much is the bill now?
Total after first late charge = 400 (1 + .01) = $404
Total after second late charge = 404 ( 1 + .01) = $408.04