Question

Gabriela has an average daily balance of $232.94 on her credit card. Her card charges 9.25% annual interest. What will her monthly finance charge be?

$9.25
$21.60
$1.80
$0.78

Answer 1

Explanation:

B

Answer 2

C

Explanation:

$232.94 * 9.25% = 21.54694

21.54694 rounds up to 21.55

21.55/12 = 1.7958333333

1.7958333333 rounds up to 1.80

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This is a late answer but other people might need it :)

I put B as my answer and I got it wrong, I tried again and put C and got it right.