Ask Question
9 August, 14:21

3. Francis has an unpaid balance of $480 on his credit card.

The annual percentage rate is 12%. What is the finance

charge on his next monthly statement?

+1
Answers (1)
  1. 9 August, 16:48
    0
    4 dollars 80 cents

    Step-by-step explanation:

    if annual is 12%, find monthly, 12/12=1

    monthly rate is 1%

    convert to decimal

    0.01

    480*0.01

    4.8
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “3. Francis has an unpaid balance of $480 on his credit card. The annual percentage rate is 12%. What is the finance charge on his next ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers