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Mathematics 14 Online
OpenStudy (anonymous):

The average daily balance on Darica's credit card for the month of March was $490.53. What is the finance charge for the month of March if the bank charges an annual interest rate of 17% on the average daily balance?

OpenStudy (anonymous):

=490.53*.17 = 83.39

OpenStudy (dumbcow):

i believe it would be, (.17/12)*490.53

OpenStudy (anonymous):

83.39/12 = 6.95

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