Solve the Problem. Round to the Nearest Cent

question 31

Multiple Choice

Solve the problem. Round to the nearest cent.
-The unpaid balance in an account on December 1 was $174. A payment of $45 was made on December 18. The finance charge rate was 1.2% per month of the average daily balance. Find the
Finance charge for the month of December.

• A)$1.84
• B)$3.64
• C)$1.55
• D)$1.74

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Definitions:

Knowledge Structure

The way in which information and knowledge are organized and stored in the mind.

Associations

Mental connections between concepts, events, or objects, which often influence memory and learning.

William James

A pioneering American psychologist and philosopher who was a leading thinker of the late 19th century, known for his work in pragmatism and functional psychology.

Ironic Process

A psychological process where deliberate attempts to suppress certain thoughts make them more likely to surface.