3 years ago

Jennifer did not pay her credit card bill in full in September. Her October

Mathematics

1 answer:

aleksandrvk [35]3 years ago

8 0

Answer: $12.6165

Step-by-step explanation:

Finance charge = Average daily balance × monthly periodic rate.

where,

Monthly periodic rate = APR / 12 months

Monthly periodic rate = 15.6% / 12

= 0.156 / 12

= 0.013

Finance charge = $970.50 × 0.013

= $12.6165

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