Question

Andy wants to compute the finance charge for the next month looking at the activities in his Mastercard, assuming a 20% annual interest rate, previous month's balance of $286, a purchase of a tablet computer for $486, a return of a coat for $142, and a payment to his Mastercard of $205. Find the finance charge for the next month, accurate to 2-decimal places.

Answer 1

If you have any doubts then comment below

Please upvote this answer