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Find the finance charge on an unpaid balance of ​$1218.68 in a revolving charge account if the monthly interest rate is 1.7​%.

 

The finance charge is ​$_____.

 

​(Round to the nearest​ cent.)

ladiikeiii  Dec 5, 2017
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Just multiply the two numbers together:

$1,218.68 x 1.7% =$20.72 - Finance charge for 1 month only.

Guest Dec 5, 2017

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