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On a balance of $1448.00, calculate this month's finance charge @ 1.75%/month

On a balance of $1448.00, calculate this month's finance charge @ 1.75%/month
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On a balance of $1448.00, calculate this month's finance charge @ 1.75%/month

User Lmartens
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1 Answer

4 votes
1.75% of $1448.00 is $25.34. So The monthly financial charge is $25.34.

If this was annually.....the cost would be $304.08 annually :)
User AlwaysALearner
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