1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bond [772]
4 years ago
13

How is a finance charge calculated

Mathematics
1 answer:
GuDViN [60]4 years ago
6 0

Answer:

option A. Multiply the unpaid balance by the monthly interest rate

Step-by-step explanation:

Finance charges are the monthly service fee charged by lender on the credit used by borrower if they wish to skip the payment of monthly bill and carry forward it to next month.

So, we can calculate finance charges as monthly interest accrued on the unpaid balance.

Finance charges = Unpaid balance x Monthly interest rate.

Hence, option A is correct, i.e. Multiply the unpaid balance by the monthly interest rate.

You might be interested in
What is the value of x?<br> Enter your answer in the box.
Lynna [10]
That my friend is number 6
3 0
3 years ago
My friend sent me this to work on, but I’m confused on how to do it :(
marin [14]

Answer:

35 degrees.

Step-by-step explanation:

It's a reflective sideway triangle.

8 0
3 years ago
Read 2 more answers
Laboratory tests show that the lives of light bulbs are normally distributed with a mean of 750 hours and a standard deviation o
BartSMP [9]

Answer:

34

Step-by-step explanation:

5 0
4 years ago
(2 1/2) Divided By (-1 7/8)<br> Show The Work Step By Step
professor190 [17]

Answer:

-4/5

Step-by-step explanation:

okay well first you have to make each fraction into improper fractions

2 1/2 going into 3/2 and -1 7/8 into -15/8

and then do keep change flip keeping the first fraction (3/2), changing the division sign into a multiplication sign, and flipping the numerator and denominator of -15/8 into 8/-15

3/2 × 8/-15 = 24/-30 = 4/-5

also

4/-5 = -4/5

4 0
3 years ago
What is 485,783 rounded to its greatest place?​
natima [27]

Answer:

486

Step-by-step explanation:

if you mean 485.782 with a decimal then it would be 486

7 0
3 years ago
Other questions:
  • Given the following function , find f(-2) ,f (0) and f(2) F(X)=-3x-3 F(-2) = help me please i don't understand
    9·1 answer
  • PLEASE HELP ME OUT ASAP
    7·1 answer
  • What is the circumference of circle E if EG=5 mm?​
    7·1 answer
  • A. 23 = -11 - 4x
    15·1 answer
  • need help! Please !!!!!!!!!
    6·1 answer
  • Help me please i need help right now!!
    12·1 answer
  • 900.54 hundreds rounded
    13·2 answers
  • At a book sale, all books cost less than $5.
    5·1 answer
  • Which variable is ordinal?​
    13·1 answer
  • HELPPP!!
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!