Find the monthly finance charge for an average daily balance of $145.59 and annual percentage rate of 24% a. $29.11 b. $291.18 c. $2.91 d. $34.94

asked Jan 27, 2021 174k views

4 votes

Find the monthly finance charge for an average daily balance of $145.59 and annual percentage rate of 24%

a. $29.11
b. $291.18
c. $2.91
d. $34.94

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2 votes

Answer:

d. $34.94

Explanation:

the monthly finance charge = (24 * 145.59) /100 = $34.94

Jerry Sha answered Jan 31, 2021

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