Answer:
$16.583
Explanation:
Given :Your friend, Isabel, has a credit card with an APR of 19.9%!
To Find : How many dollars would she pay as a finance charge for just 1 month on a $1000 charge?
Solution:
We are given that finance charge for just 1 month on a $1000 charge.
So, Finance charge =

Finance charge =

Finance charge =

Finance charge =

Hence she pay $16.583 as a finance charge for just 1 month on a $1000 charge.