The interest that will be paid for a period of 30 days at an interest rate of 0.039% will $0.55
<h3>Interest Rate Computation</h3>
Given Data
- Charge on purchase = $46.92
- Daily interest Rate = 0.039%
Let us find the daily amount in Interest
= 0.039/100*46.96
= 0.0182988
Hence the daily interest made will 0.018
Also, for 30 days the accrued amount will be
= 0.18*30
= 0.548964
= $0.55
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