Sandra has a balance of 2,745 on her credit card. If the card has an annual rate of 25.49% how much is the finance charge for th

Question

olga_2 [115]

2 years ago

8

Sandra has a balance of 2,745 on her credit card. If the card has an annual rate of 25.49% how much is the finance charge for th

is month?

Mathematics

1 answer:

Katena32 [7] · Answer 1 · 2022-04-22T02:59:12+03:00

Katena32 [7]2 years ago

4 0

The finance charge would be the interest
I = Prt (I = interest, P= Principal, r = rate, t = time)
I = (2745)(25.49/100)(1/12) 25.49% is the yearly charge - divide by 12 to get the monthly charge
I = $58.31