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Molodets [167]
2 years ago
5

A businessperson is charged a $4.96 monthly finance charge on a bill of $283.15.

Mathematics
1 answer:
gladu [14]2 years ago
3 0

Answer:

  1.75%

Step-by-step explanation:

The monthly interest rate is the interest amount divided by the base on which it is computed, expressed as a percentage.

  $4.96/$283.15 × 100% ≈ 1.75172% ≈ 1.75%

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