Brad has an outstanding balance of $185.68 on his credit card

account. What is the finance charge for the month if it is
calculated at 1.8%
per month.

1 answer

To calculate the finance charge for the month, we first need to find 1.8% of the outstanding balance of $185.68.

Finance charge = Outstanding balance * Monthly interest rate
Finance charge = $185.68 * 0.018
Finance charge = $3.34

Therefore, the finance charge for the month is $3.34.
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