A credit card company charges a 3.5% transfer fee to transfer a balance to a new account. What would the transfer fee be for a b
alance transfer of $7,500?
1 answer:
Answer:
$262.5
Step-by-step explanation:
We are told that:
A credit card company charges a 3.5% transfer fee to transfer a balance to a new account.
The transfer fee be for a balance transfer of $7,500 is calculated as:
3.5% × $7500
= 3.5/100 × $7500
= $262.5
The transfer fee for a balance transfer of $7500 is $262.5
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