Solve the problem.
-On the March 7 billing date, Kara had a balance due of $320.03 on her credit card. The transactions During the following month were: $\begin{array}{llcc}
\text {March 12 Payment } &\$180.35\
\text { March 15 Charge: pet supplies } &\$271.08\
\text { March 23 Charge: sofa } &\$822.72\
\text { April 2 Charge: gift } &\$24.99\
\end{array}$

The interest rate on the card is 1.5% per month. Using the previous balance method, find the Finance charge on April 7.
A) $2.10
B) $18.88
C) $21.58
D) $4.80

Question

Solve the problem.
-On the March 7 billing date, Kara had a balance due of $320.03 on her credit card. The transactions During the following month were: $\begin{array}{llcc}
  \text {March 12 Payment  } &\$180.35\
 \text { March 15 Charge: pet supplies } &\$271.08\
 \text { March 23 Charge: sofa } &\$822.72\
 \text { April 2 Charge: gift } &\$24.99\
\end{array}$

The interest rate on the card is 1.5% per month. Using the previous balance method, find the Finance charge on April 7.
A) $2.10
B) $18.88
C) $21.58
D) $4.80

Quizplus · Accepted Answer

The Answer of Solve the problem.
-On the March 7 billing date, Kara had a balance due of $320.03 on her credit card. The transactions During the following month were: $\begin{array}{llcc}
  \text {March 12 Payment  } &\$180.35\
 \text { March 15 Charge: pet supplies } &\$271.08\
 \text { March 23 Charge: sofa } &\$822.72\
 \text { April 2 Charge: gift } &\$24.99\
\end{array}$

The interest rate on the card is 1.5% per month. Using the previous balance method, find the Finance charge on April 7.
A) $2.10
B) $18.88
C) $21.58
D) $4.80

Solve the Problem The Interest Rate on the Card Is 1