Philip has an average daily balance on his credit card of $107.50. His credit card charges 8.99% annual interest. What will his monthly finance charge be? $9.66 $8.99 $0.75 $0.81

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asked Aug 12, 2021 201k views

1 vote

Philip has an average daily balance on his credit card of $107.50. His credit card charges 8.99% annual interest. What will his monthly finance

charge be?
$9.66
$8.99
$0.75
$0.81

Mathematics
college

Rahatur asked

by Rahatur

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1 Answer

4 votes

Answer: 9.66

Explanation:

Aaragon answered Aug 17, 2021

by Aaragon

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