Solve the Problem The Interest Rate on the Card Is 1

question 215

Multiple Choice

Solve the problem.
-On the October 3 billing date, Violet had a balance due of $841.71 on her credit card. The Transactions during the following month were: $\begin{array}{llcc} \text {October 12 Charge: clothing } &\$240.83\\ \text {October 15 Payment } &\$316\\ \text {October 25 Charge: auto repair } &\$361.43\\\end{array}$

The interest rate on the card is 1.8% per month. Using the previous balance method, find the Finance charge on November 3.

• A) $25.17
• B) $15.15
• C) $9.46
• D) $20.30

---

Definitions:

Hypothetical Thinking

The ability to think about situations, propositions, or problems that are not based on immediate reality or current experiences.

Conservation of Mass

A fundamental principle in physics stating that mass is neither created nor destroyed in a closed system through any chemical or physical transformation.

Conservation of Volume

A cognitive ability in child development where the child understands that the volume of a substance remains constant even if its appearance changes.

Class Inclusion

A concept in cognitive development referring to the ability to understand that a category can include smaller subcategories.