Take a Test-lan Sexton - Mozilla Firefox https//www mathol com Student/PlayerTes

Question

Take a Test-lan Sexton - Mozilla Firefox https//www mathol com Student/PlayerTest.aspx?quizmel&chapterid-10;&sectionId-3;&ob;/ectiveld-2 90% FSC-MTH107-J01-Fal 2017 lan Sexton 11/18/17 10 45 PM Quiz Me: Quiz Me: 8.3-2 Compute finance charges on a credit card using the unpaid Su Submit Quiz balance method. This Question: 1 pt 3 of 4 This Quiz: 4 pts possible oh Using the unpaid balance method, find the current month's finance charge on a credt card account having the following transactions Last month's balance: $490 Last payment $50 Anual Interest rate 15% Purchases: $463 Returns $765 The finance charge is (Round to the nearest cent.) Enter your answer in the answer box Save lor Labor

Explanation / Answer

finance charge= previous month unpaid balance * interest rate * 1/12= 490* 15%* 1/12= 6.125= 6.13

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.