Solve the Problem. Round to the Nearest Cent

question 1

Multiple Choice

Solve the problem. Round to the nearest cent.
-On October 1, the unpaid balance in an account was $114. No payments were made that month. The finance charge rate was 1.4% per month of the average daily balance. Find the finance charge
For the month of October.

• A)$1.74
• B)$1.60
• C)$1.50
• D)$1.46

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Definitions:

Back Button

A navigation element in user interfaces that allows users to return to the previous page or state.

Left Arrow

A graphical symbol or icon used in interfaces to indicate the action of going back, returning to a previous screen, or navigating left.

Previous Record

A term used in database navigation to refer to the action of moving backward in a dataset to view or edit the information of the record that immediately precedes the current record.

Navigation Bar

A user interface component that provides users with links or buttons to navigate through the various sections of a website or application.