2 years ago

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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