Question

You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40 late fee. What is the late fee as a percentage of your balance?

a) 20%
b) 25%
c) 40%
d) 50%
Will fan and medal

Answer 1

any guesses?

Answer 2

B

Answer 3

so

Answer 4

is it right

Answer 5

\( 40 = \frac{ x}{100} * 200\)

\(40 = 2x\)

\(x = 20\)

\(40~is~20~percent~of ~200.\)

Answer 6

A is the right option :)