Jace didn't pay his previous month's credit card bill in full. this month's bill shows a finance charge of $35.13. jeremy calculates the average daily
balance in the new bill to be $2,342.15. what is the monthly percentage rate on the card?
a. 1.5%
b. 1.82%
c. 14.9%
d. 18.08%

The correct answer is A. 1.5%

Step-by-step explanation:

Let's check the information given in the question:

Finance charge this month's bill = US$ 35.13

Balance in the new bill = US$ 2,342.15

For finding the monthly percentage rate on the card, we do this operation:

Monthly percentage = Finance charge / Balance in the new bill

Monthly percentage = 35.13 / 2,342.15

Monthly percentage = 0.015 (Rounding to three decimals)

Monthly percentage = 0.015 * 100 = 1.5%

The correct answer is A. 1.5%. That's the monthly percentage rate on the card.

saving = more money

step-by-step explanation:

if you have 100 bucks, and you want to buy a candy bar, even if you have one at home, if you choose not to buy it, you save.

~courtney

5+2x=a

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