Answer:
Finance charge is 137.22
Explanation:
Finance charge is the interest charged based on the debt owed as a result of credit card. It is the fee charged when the debt is not paid in full on the payment due date. The annual percentage rate (APR) is the rate charged for borrowing annually. The finance charge is calculated using the formula:
Finance charge = Balance × APR
Given that:
Balance = 826.65 and APR = 16.6% = 0.166
Finance charge = Balance × APR = 826.65 × 0.166 = 137.22
Finance charge is 137.22