change the percent to a decimal
change the percent to a decimal
To calculate the finance charge, multiply the credit card balance by the monthly interest rate. For a balance of $3,299.19 at a monthly rate of 1.2% (0.012), the finance charge is: Finance Charge = $3,299.19 × 0.012 = $39.59. Therefore, the finance charge for that month is approximately $39.59.
39.59
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
$2.99
change the percent to a decimal
$39.59
39.59
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
$2.99
no, but your finance charge will be lower
$39.59
18.19
finance charges are imposed on unpaid balances each month. To determine the monthly finance charge rate, the annual rate is divided by 12
finance charge
Finance Charge