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8 August, 13:58

3. Francis has an unpaid balance of $480 on his credit card.

The annual percentage rate is 12%. What is the finance

charge on his next monthly statement?

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Answers (1)
  1. 8 August, 17:29
    0
    4 dollars 80 cents

    Step-by-step explanation:

    if annual is 12%, find monthly, 12/12=1

    monthly rate is 1%

    convert to decimal

    0.01

    480*0.01

    4.8
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