Determine the finance charge for a credit card that has the given average daily balance and interest rate. Average daily balance: $827.60; monthly interest rate: 2%. Round your answer to the nearest hundredth of a percent. 50.00% 3.00% 16.55% 33.10%
Determine the finance charge for a credit card that has the given average daily balance and interest rate. Average daily balance: $827.60; monthly interest rate: 2%. Round your answer to the nearest hundredth of a percent. 50.00% 3.00% 16.55% 33.10%
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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Question
Determine the finance charge for a credit card that has the given average daily balance and interest rate.
Average daily balance: $827.60; monthly interest rate: 2%. Round your answer to the nearest hundredth of a percent.
50.00% |
||
3.00% |
||
16.55% |
||
33.10% |
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