Your Bankcard Has an APR of 18% and There Is

question 31

Multiple Choice

Your bankcard has an APR of 18% and there is a 2% fee for cash advances.The bank starts charging interest on cash advances immediately.You get a cash advance of $600 on the first day of the month.You get your credit card bill at the end of the month.What is the approximate total finance charge you will pay on this cash advance for the month? Assume each month has 30 days.

• A)$12
• B)$9
• C)$21
• D)$0
• E)$2

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Definitions:

Persuasive Communication

The use of language and messages to influence someone’s attitudes, beliefs, or actions in a desired way.

Nonverbal Communications

The transmission of messages or information through body movements, facial expressions, gestures, and other physical cues rather than words.

Visuals

Images, graphs, videos, or any visual content used to convey information, ideas, or messages more effectively.

Buyer

An individual or organization that makes a purchase or expresses an intent to purchase goods or services.