SOLUTION: A credit card company charges 1.75% interest per month (that is 21% per year). On a balance of $1448.00, calculate this month's finance charge.

SOLUTION: A credit card company charges 1.75% interest per month (that is 21% per year). On a balance of $1448.00, calculate this month's finance charge.

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Question 1031075: A credit card company charges 1.75% interest per month (that is 21% per year). On a balance of $1448.00, calculate this month's finance charge.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Just multiply 0.0175 times the account balance.

John

My calculator said it, I believe it, that settles it

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