Multiple Choice
A retailer offers an option credit account to its customers;interest is charged at 15 percent per year.If a consumer buys $400 in merchandise on January 1 and receives the bill January 15,how much must the consumer remit to pay the account in full?
A) $400
B) $406
C) $403
D) $409
Correct Answer:
Verified
Correct Answer:
Verified
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