Estimate the answer by picking the best choice without calculating. If your credit card balance is $962, you make a $50 payment, the APR is 6%, and the interest is calculated according to the adjusted balance method, then the finance charge is __________.
A) $4.81
B) $57.72
C) $4.59
D) $54.72
E) $4.56

Question

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The Answer of Estimate the answer by picking the best choice without calculating. If your credit card balance is $962, you make a $50 payment, the APR is 6%, and the interest is calculated according to the adjusted balance method, then the finance charge is __________.
A) $4.81
B) $57.72
C) $4.59
D) $54.72
E) $4.56

Estimate the Answer by Picking the Best Choice Without Calculating