Use Estimation to Select the Best Response

question 116

Short Answer

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).

---

Definitions:

Private Costs

Private costs are the direct costs incurred by individuals or companies as a result of their own production or consumption activities, excluding any external or social costs.

Environmental Costs

Expenses incurred by a company related to the environmental impact of its operations, including waste management, emissions control, and resource conservation.

Conventional

Pertaining to standard or traditional practices, methods, or systems commonly accepted and utilized.

Hidden Environmental Costs

Hidden Environmental Costs are the indirect, often not immediately apparent expenses related to environmental degradation and resource depletion caused by business activities.