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15 January, 16:18

Susan has a balance of $5,125 on her credit card. If the card has an annual rate of 18.75% how much is the finance charge for this month?

$80.08

$18.75

$960.94

$263.27

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Answers (1)
  1. 15 January, 17:46
    0
    The answer is $80.08

    you divide 18.75 by 12 and get 1.5625

    then you do 1.5625% x 5,125 = 80.08
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