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