Question

Sharon has a balance of $3,825 on her credit card. If the card has an annual rate of 20.99% how much is the finance charge for this month?

Answer 1

a. $802.87
b. $219.96
c. $66.91
d. $20.99

Answer 2

@sweetburger
@zpupster ?

Answer 3

Okay. This is a pretty straight forward question. You simply have to know how to work with percentages. You can search up how to do percentages. But personally when calculating I would go with A as the answer: 802.8675.

Answer 4

Hope this helped! Have a great day!

@rockinhood

Answer 5

$802.87 is the yearly or apr amount
divide this by 12 to get the monthly

Answer 6

Ok, thanks guys, didn't think it was 802.87 because that's way too much..

Answer 7

I got 66.90