What is the finance charge?

Answers

Answer 1

Answer:

Answer:

Finance charge = $2.39

Step-by-step explanation:

A finance charge is the cost of borrowing money, including interest and other fees. It can be a percentage of the amount borrowed or a flat fee charged by the company.

In the given question we will calculate the amount of the finance charge

Finance charge= Previous balance×(Annual rate÷12months)

Finance charge=179.32×(16/100÷12months)

Finance charge=179.32×(0.16÷12months)

Finance charge=179.32× 0.0133

=$2.39

New balance= previous balance-payments/credit+finance charge+New purchases

New balance=179.32−85+2.39+117.42

=$214.13

Related Questions

A spinner has three equal sections of red, blue, and yellow. If the spinner is spun 250 times how many will the spinner land on a color that is not blue.
Brian has 3 basketball cards and 5 baseball cards. What fraction of Brian's cards are baseball cards?
Thanks it saysA fifth grade class collected data about class spending per month on various items. Below are some of the results A median amount of 6$ per month was spent for books10 for paper8 for pencils6 x7 x9 xx10 xxxx11 xxxx12 x15 x
A trapezoid has bases that measure 9 cm and 5 cm. The height of the figure is 4 cm. What is the area of the trapezoid? 28 centimeters squared 36 centimeters squared 45 centimeters squared 90 centimeters squared
Marisol bought three pairs of shoes that cost $38 each if the tax rate was 8% how much did marisol pay ?

What are the property's for (1.) n times 1=n

(2.) 4 times m = m times 4

(3.) {x + 2} + 5 = x + {2 +5}

Answers

1. Multiplicative Identity Property

2. Commutative Property of Multiplication

3. Commutative Property of Addition

Hope this helped! :D

Look at points C and D on the graph:What is the distance (in units) between points C and D? Round your answer to the nearest hundredth.

Answers

You'll need to share the graph. I imagine the graph shows points C and D plotted, and that you can read off the x- and y-coordinates from the graph. Once you have these coordinates (x,y) for each of the two points C and D,
use the distance formula (or the closely related Pythagorean Theorem) to calculate the straight-line distance between C and D. Show your work, please.

Rob is saving to buy a new MP3 player. For every $15 he earns babysitting, he saves six dollars. On Saturday, Rob earned $75 babysitting. How much money did you save?

Answers

If he saves $6 from every $15 he gets, then getting $75 means he saves $30.
Lets says he is paid 15 dollars every hour, and from those he saved 6 dollars. If he earned 72 dollars, that means he is paid 5 times (because 75/15 is 5). So if every time he is paid he saves $6, being paid 5 times means he saves $30 ($6 *5).

Help Por FAvOrHow many solutions does the equation have?

2(2x+5)=4(x+3)

A.
one solution

B.
infinite solutions

C.
no solution

Answers

This has "NO solutions."

Hope this helps

$2(2x+5)=4(x+3)\n4x+10=4x+12\n10=12\nx\in \emptyset \Rightarrow C$

What is the value of 1 raised to the power of any exponent

Answers

Any exponent of 1 is simply 1 multiplying itself

For example: $1^(5)$ is 1×1×1×1×1

Anything multiplied by 1 is the same number started with and 1 is no exception

So 1 raised to the power of any exponent is 1

before leaving to visit Mexico, Levant trades 270 American dollars and received 3,000 Mexican pesos. When he returned from Mexico, he had 100 pesos left. How much will he receive when he exchanges these pesos for American dollars?

Answers

270/3000=.09
1 peso= .09¢ American dollars
100 pesos= $9.00 american dollars

Other Questions

$6.30+y=$25 do not get this

The Japanese bullet train takes only three hours to travel from Tokyo to Osaka a distance of 321 miles what is the average speed of the train during this trip

Write a number less than 69?

What is one way to find the total costof a pair of shoes for $57 with a salestax of 2%?What is another way to find the total costof a pair of shoes for $57 with a sales taxof 2%?I need 2 different ways to answer each question