Solve the problem.
-On the October 3 billing date, Violet had a balance due of $841.71 on her credit card. The Transactions during the following month were: $\begin{array}{llcc}
\text {October 12 Charge: clothing } &\$240.83\
\text {October 15 Payment } &\$316\
\text {October 25 Charge: auto repair } &\$361.43\
\end{array}$

The interest rate on the card is 1.8% per month. Using the previous balance method, find the Finance charge on November 3.
A) $25.17
B) $15.15
C) $9.46
D) $20.30

Question

Solve the problem.
-On the October 3 billing date, Violet had a balance due of $841.71 on her credit card. The Transactions during the following month were: $\begin{array}{llcc}
  \text {October 12 Charge: clothing   } &\$240.83\
 \text {October 15 Payment  } &\$316\
 \text {October 25 Charge: auto repair   } &\$361.43\
\end{array}$

The interest rate on the card is 1.8% per month. Using the previous balance method, find the Finance charge on November 3.
A) $25.17
B) $15.15
C) $9.46
D) $20.30

Quizplus · Accepted Answer

The Answer of Solve the problem.
-On the October 3 billing date, Violet had a balance due of $841.71 on her credit card. The Transactions during the following month were: $\begin{array}{llcc}
  \text {October 12 Charge: clothing   } &\$240.83\
 \text {October 15 Payment  } &\$316\
 \text {October 25 Charge: auto repair   } &\$361.43\
\end{array}$

The interest rate on the card is 1.8% per month. Using the previous balance method, find the Finance charge on November 3.
A) $25.17
B) $15.15
C) $9.46
D) $20.30

Solve the Problem The Interest Rate on the Card Is 1