Answer:
The finance charge is $ 3.3312 .
Explanation:
As given
lucinda thompson’s charge account statement shows unpaid balance of 222.08.
The monthly finance charge is 1.5 percent of the unpaid balance.
1.5% is written in the decimal form
![= (1.5)/(100)](https://img.qammunity.org/2020/formulas/mathematics/middle-school/5d1247lq488o4t4oq9dw3wwexnrki0yapr.png)
= 0.015
Thus
Finance charge = 0.015 × Unpaid balance amount .
Put all the values in the above
= 0.015 × 222.08
= $ 3.3312
Therefore the finance charge is $ 3.3312 .