Use estimation to select the best response. Do not calculate.

If your credit card balance is $952, you make a $50 payment, the APR is 12%, and the interest is calculated according to the previous balance method, then the finance charge is $ __________ (9.52; 9.02; 9.06).

Question

Use estimation to select the best response. Do not calculate.
​
If your credit card balance is $952, you make a $50 payment, the APR is 12%, and the interest is calculated according to the previous balance method, then the finance charge is $ __________ (9.52; 9.02; 9.06).

Quizplus · Accepted Answer

The Answer of Use estimation to select the best response. Do not calculate.
​
If your credit card balance is $952, you make a $50 payment, the APR is 12%, and the interest is calculated according to the previous balance method, then the finance charge is $ __________ (9.52; 9.02; 9.06).

Use Estimation to Select the Best Response