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.

Algebra ->  Percentage-and-ratio-word-problems -> 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.      Log On


   

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) About Me  (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