ceciocaranza ceciocaranza
  • 21-05-2018
  • Mathematics
contestada

What is the monthly finance charge if the average daily balance is $30, the daily periodic rate is 0.07%, and the number of days in the cycle is 30?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 21-05-2018
The finance charge is the product of the given numbers.
  ($30)*(0.07%)*(30) = $0.63
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Agenttex
Agenttex Agenttex
  • 21-05-2018
.63 CENTS...........
Answer Link

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