What is the monthly finance charge if the average daily balance is $30, the daily periodic rate is 0.07%, and the number of days

Question

dedylja [7]

3 years ago

7

What is the monthly finance charge if the average daily balance is $30, the daily periodic rate is 0.07%, and the number of days

in the cycle is 30?

Mathematics

1 answer:

stepladder [879] · Answer 1 · 2022-07-31T10:53:32+03:00

stepladder [879]3 years ago

4 0

$30∗.0007∗30=.63 That would be the answer to "<span>What is the monthly finance charge if the average daily balance is $30, the daily periodic rate is 0.07%, and the number of days in the cycle is 30"</span>