Ask a New Question
Menu

Anson has a balance of $242.68 on his department store charge account.

The finance charge is 1.6% on the unpaid balance per month. How much is
the monthly finance charge on his balance?

1 answer

To calculate the monthly finance charge on Anson's balance, we first need to determine 1.6% of $242.68:

$242.68 x 0.016 = $3.88

Therefore, the monthly finance charge on Anson's balance is $3.88.
Similar Questions
  1. Anson has a balance of $242.68 on his department store charge account.The finance charge is 1.6% on the unpaid balance per
    1. answers icon 1 answer
  2. Fred has a balance of $215.78 on his department store charge account.The finance charge is 1.8% on the unpaid balance per month.
    1. answers icon 1 answer
  3. Fred has a balance of $215.78 on his department store charge account.The finance charge is 1.8% on the unpaid balance per month.
    1. answers icon 1 answer
  4. Derrick had a balance of $156.40 on his department store charge account.How much interest did he have to pay for the month if
    1. answers icon 1 answer
more similar questions