document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1114470>Question 1114470</A>: <I><SPAN STYLE=\"word-break: break-all;\"> suppose the APR on credit card is 18.25% if a card carries an average daily balance of $500.00 over one billing period of period of 30 days, what is the finance charge that period ? assume there are 365 days in a year. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #729417 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=729417\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  suppose the APR on credit card is 18.25% if a card carries an average daily balance of $500.00 over one billing period of period of 30 days, what is the finance charge that period ? assume there are 365 days in a year. <BR>\n" );
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document.write( "I = P*r*t<BR>\n" );
document.write( "I = 500*0.1825*(30/365)<BR>\n" );
document.write( "I = $7.50<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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