06-06-2020
Mathematics

contestada

3. Francis has an unpaid balance of $480 on his credit card.
The annual percentage rate is 12%. What is the finance
charge on his next monthly statement?

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tatiklisek tatiklisek

06-06-2020

Answer:

4 dollars 80 cents

Step-by-step explanation:

if annual is 12%, find monthly, 12/12=1

monthly rate is 1%

convert to decimal

0.01

480*0.01

4.8

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