Luigi has a charge card at Willis' Auto Supplies with an APR of 15%. Luigi wants to calculate the finance charges on a previous balance of $319.67. Which statement is true?
A) He should multiply $319.67 by 0.015.
B) He should multiply $319.67 by 0.015 ÷12.
C) He should multiply $319.67 by 0.15.
D) He should multiply $319.67 by 15 ÷12.
Correct Answer:
Verified
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