Solve the problem.
-On the September 15 billing date, the Jeffersons had a balance due of $113.55 on their credit card. The transactions during the following month were: $$\begin{array} { l l r }
\text { September 17 } & \text { Payment } & \$ 92.11 \
\text { September 22 } & \text { Charge: airline tickets } & \$ 908.85 \
\text { October 2 } & \text { Charge: carpet } & \$ 1715.66 \
\text { October 13 } & \text { Charge: clothing } & \$ 127.97
\end{array}$$
The interest rate on the card is 1.8% per month. Using the previous balance method, find the Finance charge on October 15.
A) $49.93
B) $51.59
C) $2.04
D) $0.39

Question

Solve the problem.
-On the September 15 billing date, the Jeffersons had a balance due of $113.55 on their credit card. The transactions during the following month were: $$\begin{array} { l l r } 
\text { September 17 } & \text { Payment } & \$ 92.11 \
\text { September 22 } & \text { Charge: airline tickets } & \$ 908.85 \
\text { October 2 } & \text { Charge: carpet } & \$ 1715.66 \
\text { October 13 } & \text { Charge: clothing } & \$ 127.97
\end{array}$$
The interest rate on the card is 1.8% per month. Using the previous balance method, find the Finance charge on October 15.
A) $49.93
B) $51.59
C) $2.04
D) $0.39

Quizplus · Accepted Answer

The Answer of Solve the problem.
-On the September 15 billing date, the Jeffersons had a balance due of $113.55 on their credit card. The transactions during the following month were: $$\begin{array} { l l r } 
\text { September 17 } & \text { Payment } & \$ 92.11 \
\text { September 22 } & \text { Charge: airline tickets } & \$ 908.85 \
\text { October 2 } & \text { Charge: carpet } & \$ 1715.66 \
\text { October 13 } & \text { Charge: clothing } & \$ 127.97
\end{array}$$
The interest rate on the card is 1.8% per month. Using the previous balance method, find the Finance charge on October 15.
A) $49.93
B) $51.59
C) $2.04
D) $0.39

Solve the Problem The Interest Rate on the Card Is 1