lydieeat2much lydieeat2much

13-04-2020
Mathematics

contestada

14 Answer:
Tom had an outstanding balance on his credit card account of $861.05.
How much was the finance charge if it was 1.4% per month?

Respuesta :

hellobaby89 hellobaby89

13-04-2020

Answer:

Around $12.05 or 12.0547

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bamboola1 bamboola1

13-04-2020

Answer:

$9.92 per month

Step-by-step explanation:

A(t) 851.05 x .14^1/12 = 9.92891666667

Rounded to monetary dollars = $9.92

In banks this does get rounded up to £9.93 alternative end year and second year months but not usually the first months.

Answer Link

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