SOLUTION: hello, I need some help in this problem, may you please help? This is my question.........."Dave had a balance of $236.17 on his department store charge account. How much interest

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Question 891193: hello, I need some help in this problem, may you please help? This is my question.........."Dave had a balance of $236.17 on his department store charge account. How much interest did he have to pay for the month if the rate was 1.7%
per month finance charge?"
Answer by KMST(5328) About Me  (Show Source):
You can put this solution on YOUR website!
If the finance charge is calculated based on that balance, it would be
%221.7+%25%22=1.7%2F100=0.017 times that balance.
That would be
0.017%2A%22%24+236.17%22=%22%244+4.01%22 (rounded down from 4.01489).