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Find the Finance Charge on the Open-End Charge Account $9.75\$ 9.75

Question 239

Multiple Choice

Find the finance charge on the open-end charge account. Assume interest is calculated on the unpaid balance of the account.
-Unpaid Balance Monthly Interest Rate Find the finance charge on the open-end charge account. Assume interest is calculated on the unpaid balance of the account. -Unpaid Balance Monthly Interest Rate A) \$ 9.75 B) \$12.69 C) \$ 8.12 D) \$ 15.22


A) $9.75\$ 9.75
B) \$12.69
C) $8.12\$ 8.12
D) $15.22\$ 15.22

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