Register

THE AVERAGE DIALY BALANCE FOR DAVES LAST CREDIT CARD STATEMENT WAS $1,213.44, AND HE HAD TO PAY A FINANCE CHARGE. THE APR IS 20.4%. WHAT IS THE MONTHLY INTEREST RATE? WHAT IS TH…

THE AVERAGE DIALY BALANCE FOR DAVES LAST CREDIT CARD STATEMENT WAS $1,213.44, AND HE HAD TO PAY A FINANCE CHARGE. THE APR IS 20.4%. WHAT IS THE MONTHLY INTEREST RATE? WHAT IS TH…
asked 14.7k views
3 votes
THE AVERAGE DIALY BALANCE FOR DAVES LAST CREDIT CARD STATEMENT WAS $1,213.44, AND HE HAD TO PAY A FINANCE CHARGE. THE APR IS 20.4%. WHAT IS THE MONTHLY INTEREST RATE? WHAT IS THE FINANCE CHARAGE FOR THE MONTH

asked
User Anther
by
8.3k points

1 Answer

5 votes
20.4 /12=1.7 % monthly interest rate
1.7 =..017
.017 x.017= $20.63 is the finance charge for the month.
answered
User Jamie Aden
by
8.3k points
← Prev Question Next Question →

Related questions

User Amir Rezaei
asked Feb 5, 2016 208k views
Why does it make sense that if an atom loses electrons, it is left with a pisitive charage?
Amir Rezaei asked Feb 5, 2016
by Amir Rezaei
8.1k points
2 answers
0 votes
208k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!