Multiple Choice
Solve the problem. Round to the nearest cent.
-The unpaid balance in an account on December 1 was $174. A payment of $45 was made on December 18. The finance charge rate was 1.2% per month of the average daily balance. Find the
Finance charge for the month of December.
A) $1.84
B) $3.64
C) $1.55
D) $1.74
Correct Answer:
Verified
Correct Answer:
Verified
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