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3 years ago

1 point

Business

1 answer:

gavmur [86]3 years ago

8 0

Answer:

Find attached statement and the question which question number 10.

The correct option is C,$90

Explanation:

In the statement you would notice that the balance transfer from another credit card was $785,upon which balance transfer levy of $23.55 was charged(Section 7)

Intuitively, the percentage of balance transfer charge is $23.55 divided by the amount of balance transfer i.e $785

balance transfer charge(%)=$23.55/$785=3%

However, if the balance transfer were $3000,the charge is 3% of $3000 i.e $90 ($3000*3%).

The correct option then is C,$90

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