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3 votes
HELP PLEASE!! 30 POINTS!!

John's credit card company calculates a finance charge based upon a periodic rate of 1.75% on all unpaid balances. If John has an unpaid balance of $475, determine the finance charge that he will be assessed.
A. $8.31
B. $349.00
C. $346.30
D. $469.33

User Duannx
by
8.0k points

1 Answer

3 votes
Okay. So I am going to help you out. Just saying this is my first time.
User Omid Farvid
by
8.2k points
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