Register

Melissa's average daily balance for the last month was $560. The finance charge was $8.12. What was the monthly percentage rate? Round to the nearest hundredth of a percent…

Melissa's average daily balance for the last month was $560. The finance charge was $8.12. What was the monthly percentage rate? Round to the nearest hundredth of a percent…
67.3k views
3 votes
Melissa's average daily balance for the last month was $560. The finance charge was $8.12.

What was the monthly percentage rate? Round to the nearest hundredth of a percent.

User DrBug
by
7.9k points

1 Answer

1 vote

Answer:

1.45%

Explanation:


(8.12)/(560) (100) = .0145(100) = 1.45\%

User Aaryn
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!