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Solve the Problem. Round to the Nearest Cent

Question 1

Multiple Choice

Solve the problem. Round to the nearest cent.
-On October 1, the unpaid balance in an account was $114. No payments were made that month. The finance charge rate was 1.4% per month of the average daily balance. Find the finance charge
For the month of October.


A) $1.74
B) $1.60
C) $1.50
D) $1.46

Correct Answer:

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