08-01-2020
Mathematics

contestada

Ralph's credit card has an unpaid balance of $750.00. The annual percentage rate is 18%. What will the finance charge be for one month?

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08-01-2020

Answer:

$11.25 per month

Step-by-step explanation:

18 (annual percent rate)/12 (amount of months) = 1.5 (1.5% a month)

1.5% x $750.00 = 11.25

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