A fuel company charges monthly finance fees of 1.3 percent for the first $500 due and 0.3 percent for any amount over $500. What is the monthly finance fee to the nearest hundredth of a dollar for an account with a balance of $700?

Intermediate Algebra
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A fuel company charges monthly finance fees of 1.3 percent for the first $500 due and 0.3 percent for any amount over $500. What is the monthly finance fee to the nearest hundredth of a dollar for an account with a balance of $700?
 

 

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