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Answer: To find the finance charge you multiply the balance times 0.23 / 12 .
To find the interest charge to an account, you have to multiply the balance by the percent rate (APR).
The problem in this case is that interest is charged monthly, but the rate is yearly.
To fix this problem, just divide the rate by 12.
0.23 / 12
Answer: 19/50
Step-by-step explanation: To write a percent as a fraction in lowest terms, first remember that a percent is a ratio that compares a number to 100. In this case, 38% can be written as the ratio 38 to 100 or 38/100. Notice however that 38/100 is not in lowest terms so we need to divide the numerator and denominator by the greatest common factor of 38 and 100 which is 2.
38 ÷ 2 = 19
100 ÷ 2 = 50
<em>Therefore, 38% can be written as the fraction 19/50 which is in lowest terms.</em>
Answer:
should get 0.2 hope this helps you!
Step-by-step explanation:
Answer:
the answer is c
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