Solve the Problem. Round to the Nearest Cent

question 203

Multiple Choice

Solve the problem. Round to the nearest cent.
-On January 1, the unpaid balance in an account was $195. A payment of $50 was made on January 25. The finance charge rate was 1.2% per month of the average daily balance. Find the finance
Charge for the month of January.

• A)$1.74
• B)$4.08
• C)$2.34
• D)$2.20

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Definitions:

Equally Attractive

Describes options or choices that are perceived to have the same level of appeal or benefit, making the decision-making process more challenging.

Individualistic Cultures

Societies that emphasize personal achievement, independence, and self-reliance over group cohesion.

Interpersonal Relationships

The strong, deep, or close associations or acquaintances between two or more people that may range in duration from brief to enduring.

Social Rejection

The act of pushing someone away or excluding them from a group, leading to feelings of non-belonging.