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What should be the first step in calculating a monthly credit card finance charge?
Updated: 9/28/2023
Wiki User
∙ 14y agoBest Answer
change the percent to a decimal
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∙ 14y agoThis answer is:
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What should be the first step in calculating a monthly credit finance charge?
change the percent to a decimal
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
What protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?
$2.99
Leandre's previous credit card balance is 1299.32 What would her finance charge be if the monthly rate is 1.4 percent?
18.19
Related questions
What should be the first step in calculating a monthly credit finance charge?
change the percent to a decimal
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2?
$39.59
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
Protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
What protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?
$2.99
Does it affect your credit score if you repay your credit card dues much before your monthly statement is generated?
no, but your finance charge will be lower
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
$39.59
Leandre's previous credit card balance is 1299.32 What would her finance charge be if the monthly rate is 1.4 percent?
18.19
How is interest on consumer credit transactions computed?
finance charges are imposed on unpaid balances each month. To determine the monthly finance charge rate, the annual rate is divided by 12
The dollar amount that is paid for the credit?
finance charge
Is there a minimum finance charge on either of the major credit cards?
No
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