Business
Charles21
2016-04-15 07:10:36
Calculate the finance charge on a credit card balance of $3,299.19 at a monthly rate of 1.2%.
ANSWERS
WilmaRusche
2016-04-15 10:55:45

Given that the monthly charges for a credit card is 1.2% and the credit card balance is $3,299.19. Therefore the amount charged per month will be: [rate]/100*[credit card balance] =1.2/100*3,299.19$ =39.59. The answer is 39.59

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