Calculate the finance charge on a credit card balance of $3,299.19 at a monthly rate of 1.2%.

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asked Jun 5, 2018 62.2k views

1 Answer

HixField · Answer 1 · 2018-06-10T19:41:57+0000

Given that the monthly charges for a credit card is 1.2% and the credit card balance is $3,299.19. Therefore the amount charged per month will be:
[rate]/100*[credit card balance]
=1.2/100*3,299.19$
=39.59.
The answer is 39.59

Calculate the finance charge on a credit card balance of $3,299.19 at a monthly rate of 1.2%.

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