What is the monthly finance charge if the average daily balance is $20, the daily periodic rate is 0.04%, and the number of days
2 answers:
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We know what every year has 365 but once every four years has 366. We can simplify it by saying that every year has 365 and 1/4 days
Now, we just have to mulitiply
So we can say that 50 years have 18262 days and chance to 18263 (depends when we started counting)
Now, we just have to mulitiply
So we can say that 50 years have 18262 days and chance to 18263 (depends when we started counting)