Question

A credit card company charges a customer 1.8% per month on the unpaid balance of charges on a credit card. What is the finance charge in a month in which the customer has an unpaid balance of $1,205.62?

$217.01

$21.70

$1.81

$13.72

Answer 1

Roughly $21.70

Explanation:

1,205.62 times 0.018 (1.8% converted into decimal, to do so, move the decimal over to the right two places) equals 21.7

Answer 2

217.01

Explanation: