Question

What is the monthly finance charge if the average daily balance is $30, the daily periodic rate is 0.07%, and the number of days in the cycle is 30?

Answer 1

The solution is $30 * .0007 * 30 = .63

Remember that to convert a percent to a decimal we move the decimal point 2 places to the left and drop the percent sign.

Hope this helps!

Answer 2

yes , it helped ALOT . thanks :)

Answer 3

np

Answer 4

Yuko added a 15 percent tip when she paid her cab driver. If the fare was $25.50, what was the total amount she paid?