Solve the Problem. -The Balance Due on a Charge Card That Charges 1.6

question 8

Multiple Choice

Solve the problem.
-The balance due on a charge card that charges 1.6% on the average unpaid balance is $4,524.87. How much could be saved if the cardholder changed to a credit card that charges 1.0% on the average unpaid balance?

• A)$72.40
• B)$27.15
• C)$45.25
• D)$29.41

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