jillianjuarbp4yff0 jillianjuarbp4yff0
  • 02-03-2018
  • Mathematics
contestada

Sharon has a balance of $3,825 on her credit card. If the card has an annual rate of 20.99% how much is the finance charge for this month? $802.87 $219.96 $66.96 $20.99

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jcherry99
jcherry99 jcherry99
  • 02-03-2018
20.99%/12 = 1.7492% which is the monthly rate (or at least the way my credit card does it)

1.7492/100 * 3825 = 66.91 
66.91 is just a rounding error. <<<=== answer.
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