Question

Calculate the monthly finance charge if the average daily balance is $20, the daily periodic rate is 0.05%, and the number of days in the cycle is 30.
A.) 30¢
B.) 31¢
C.) 50¢
Will fan and medal

Answer 1

.05 is a high rate. The average daily balance of $20 is about $1 a day. That equals 30 dollars

Answer 2

i hope i helped

Answer 3

i need it put into cents so would it be A

Answer 4

I meant C

Answer 5

50¢

Answer 6

it wasnt C

Answer 7

Im confused now

Answer 8

thanks for the help though i will try harder next time :)

Answer 9

a