Ask Question
19 March, 14:01

You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40 late fee. What is the late fee as a percentage of your balance?

+2
Answers (1)
  1. 19 March, 17:39
    0
    The answer is 20%, 40 is 1/5 of 200, therefore it is 20%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40 late fee. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers