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4 July, 06:33

Calculate the finance charge on a credit card balance of $3,299.19 at a monthly rate of 1.2%.

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  1. 4 July, 08:10
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    Given that the monthly charges for a credit card is 1.2% and the credit card balance is $3,299.19. Therefore the amount charged per month will be:

    [rate]/100*[credit card balance]

    =1.2/100*3,299.19$

    =39.59.

    The answer is 39.59
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