Solve the Problem. Round to the Nearest Cent

question 41

Multiple Choice

Solve the problem. Round to the nearest cent.
-On September 1, the unpaid balance in an account was $188. On September 3, a payment of $60 was made. The finance charge rate was 1.0% per month of the average daily balance. Find the
Finance charge for the month of September.

• A)$1.32
• B)$3.16
• C)$1.34
• D)$1.28

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Definitions:

Boiling Point

The temperature at which a liquid turns into vapor at a given pressure.

Output Speed

Refers to the speed at which a machine or a part of it, such as an engine or drive shaft, delivers power.

Torque Decreases

A condition where the force that causes rotation around an axis reduces, often affecting machinery performance.

Torque Increases

The enhancement of the turning force exerted by an engine or motor, improving the vehicle's ability to accelerate and maintain speed.