Solve the problem. Round to the nearest cent.The unpaid balance in an account on November 1 was $111. A payment of $20 was made on November 9. The interest rate per month was 1.65% per month of the average daily balance. Find the finance charge for the month of November.

A. $1.60
B. $1.50
C. $1.59
D. $3.33


Answer: C

Mathematics

You might also like to view...

Evaluate the factorial expression.3!

A. 12 B. 3 C. 2 D. 6

Mathematics

Simplify the expression.

A.
B. 4a4b8
C.
D.

Mathematics

Find area of figure. Round to the nearest hundredth if necessary.

A. 25 cm2
B. 11 cm2
C. 22 cm2
D. 30 cm2

Mathematics

Find the effective rate of interest.7.7% compounded continuously

A. 7.789% B. 8.151% C. 8.074% D. 8.004%

Mathematics