HELP....WHo ever can amnswer i will fan and give medal!!!!Sarah has a balance of $6,850 on her credit card. If the card has an annual rate of 28.39%, how much is the finance charge for this month?
$1,944.72

$28.39

$532.80

$162.06

Question

HELP....WHo ever can amnswer i will fan and give medal!!!!Sarah has a balance of $6,850 on her credit card. If the card has an annual rate of 28.39%, how much is the finance charge for this month? 
$1,944.72 

$28.39 

$532.80 

$162.06

anonymous · Answer

you are already my fan, but anyways do you wanna try it first?

anonymous · Answer

well i did but ill show u what i got so far

anonymous · Answer

(28.39*6850)/100

anonymous · Answer

That's one expensive credit card

anonymous · Answer

@03225186213 that's yearly interest you must divide by 12 first

anonymous · Answer

i got 1944.715

anonymous · Answer

ok you are right @Mathmuse

anonymous · Answer

is it that divided by twelve then 162.06 then?

anonymous · Answer

162 is correct

anonymous · Answer

thanks surdawi

anonymous · Answer

@surdawi

anonymous · Answer

28.39%annual
for monthly 28.39% / 12
(28.39*6850)/(12*100)