Multiple Choice
Solve the problem. Round to the nearest cent.
-The unpaid balance in an account on November 1 was $124. A payment of $50 was made on November 12. The finance charge rate was 1.2% per month of the average daily balance. Find the
Finance charge for the month of November.
A) $1.13
B) $0.89
C) $2.38
D) $1.11
Correct Answer:
Verified
Correct Answer:
Verified
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