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John's credit card company calculates a finance charge based upon a periodic rate of 1.65% on all unpaid balances. If John has an unpaid balance of $212.63, determine the finance charge that he will be assessed. Round your answer to two decimal places.

1 Answer

3 votes
$212.63 x 0.0165 = $3.51 (finance charge)


answer:
$3.51
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