Examlex

Solved

The Unpaid Balance in an Account on December 1 Was

question 61

Multiple Choice

The unpaid balance in an account on December 1 was $145. A payment of $60 was made on December 14. The interest rate per month was 1.7% per month of the average daily balance. Find the finance charge for the month of December.


Definitions:

Rubber Soles

The bottom part of a shoe or boot made from rubber material, designed to provide traction and durability.

Pre-albumin

A blood protein that serves as a marker for nutritional status and is used to assess the risk and presence of malnutrition.

Albumin

A protein found in blood plasma that plays a key role in maintaining the oncotic pressure of blood and transporting substances throughout the body.

Related Questions