Asked by Beth
A Sears Relvolving charge card has a monthly rate of 1.75%, the interest is a minimum of $.50 if the average daily balance is $28.50 less. Explain how this poilicy is beneficial to Sears.
Answers
Answered by
bobpursley
28.50x.00175=49cents.
so it brings in more money to bill $.50
so it brings in more money to bill $.50
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