Multiple Choice
Solve the problem. Round to the nearest cent.
-On January 1, the unpaid balance in an account was $195. A payment of $50 was made on January 25. The finance charge rate was 1.2% per month of the average daily balance. Find the finance
Charge for the month of January.
A) $1.74
B) $4.08
C) $2.34
D) $2.20
Correct Answer:
Verified
Correct Answer:
Verified
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