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Dave had a balance of $236.17 on his department store charge account. How much interest did he have to pay for the month if the rate was 1.7% per month finance charge? a. $40.15 b. $4.25 c. $4.01 d. $157.
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Dave had a balance of $236.17 on his department store charge account.

How much interest did he have to pay for the month if the rate was 1.7%
per month finance charge?
a. $40.15
b. $4.25
c. $4.01
d. $157.45

HELP ASAP

User Davide Icardi
by
7.3k points

2 Answers

3 votes
i believe the answer would b 4.25 after the math is done
User Tkerwin
by
8.1k points
3 votes

1.7%=1.7/100=0.017
times that balance.

that would be:
0.017 x $236.17=$44.01

That would be
(rounded down from 4.01489).
User Oneika
by
7.2k points
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