Ask a New Question
Menu

Burt has an outstanding balance of $235.86 on his credit card

account. What is the finance charge for the month if it is
calculated at 1.75%

1 answer

To calculate the finance charge, you would multiply the outstanding balance by the interest rate:

Finance charge = $235.86 * 0.0175
Finance charge = $4.13

Therefore, the finance charge for the month would be $4.13.
Similar Questions
  1. Burt has an outstanding balance of $235.86 on his credit card account.What is the finance charge for the month if it is
    1. answers icon 1 answer
  2. Burt has an outstanding balance of $235.86 on his credit cardaccount. What is the finance charge for the month if it is
    1. answers icon 1 answer
  3. Ty had an outstanding balance on his credit card account of $286.13.How much was the finance charge if it was 1.75% per month?
    1. answers icon 1 answer
  4. Tom had an outstanding balance on his credit card account of $861.05.How much was the finance charge if it was 1.4% per month?
    1. answers icon 1 answer
more similar questions