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Please Help.. /:
Susan has a balance of $5,125 on her credit card. If the card has an annual rate of 18.75%, how much is the finance charge for this month? (1 point)
$80.08
$18.75
$960.94
$263.27
 one year ago
 one year ago
Please Help.. /: Susan has a balance of $5,125 on her credit card. If the card has an annual rate of 18.75%, how much is the finance charge for this month? (1 point) $80.08 $18.75 $960.94 $263.27
 one year ago
 one year ago

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jim_thompson5910Best ResponseYou've already chosen the best response.0
finance charge = interest charged Interest = Principal * Rate * Time I = Prt I = 5125*(0.1875)*(1/12) ... note: 1/12 means 1/12 years = 1 month I = ???
 one year ago

kaylababyy94Best ResponseYou've already chosen the best response.0
I don't know. /: I suck at this and everything has to be turned in by the end of the night or I fail.
 one year ago

jim_thompson5910Best ResponseYou've already chosen the best response.0
do you have a calculator?
 one year ago

kaylababyy94Best ResponseYou've already chosen the best response.0
I don't have time. /: I either just guess or get somebody to help me. Can you?
 one year ago

jim_thompson5910Best ResponseYou've already chosen the best response.0
I can, but I'm taking that as a "no" that you don't have a calculator?
 one year ago

kaylababyy94Best ResponseYou've already chosen the best response.0
No, I actually don't.
 one year ago

jim_thompson5910Best ResponseYou've already chosen the best response.0
that's fine, there are plenty of calculators online
 one year ago

kaylababyy94Best ResponseYou've already chosen the best response.0
I have one on my phone. But not Scientific.
 one year ago

jim_thompson5910Best ResponseYou've already chosen the best response.0
google is a simple calculator as well if you type "5125*(0.1875)*(1/12)" without quotes into google, then you will get this http://www.google.com/search?hl=&q=5125*%280.1875%29*%281%2F12%29&sourceid=navclientff&rlz=1B3GGLL_enUS420US420&ie=UTF8 you should see the result on the calculator what is that result?
 one year ago

kaylababyy94Best ResponseYou've already chosen the best response.0
So the answer is 80.08?
 one year ago

jim_thompson5910Best ResponseYou've already chosen the best response.0
the result is 80.078125 that rounds to 80.08
 one year ago

kaylababyy94Best ResponseYou've already chosen the best response.0
2. Tamika opens a credit card in which the minimum monthly payment is 15%. Her current balance is $2,450, not including the finance charge, and the APR is 20.5%. Assuming she makes a payment of $400 this month, how much will the minimum monthly payment be for the next month? (1 point) $367.50 $502.25 $313.78 $426.53 3. Barbara opened a store credit card to purchase a game console for $396. She put the entire purchase on the credit card. Her APR is 24.99% and the minimum payment is 5%. Assuming she makes only minimum payments, what is the remaining balance on her card after 3 months? (1 point) $362.35 $339.52 $384.45 $351.78 4. Sherri uses her credit card to pay for a new transmission that ended up totaling $1,050.25. She can pay off up to $400 a month. The card has an annual rate of 18.5%. How much will she pay in interest? (1 point) $37.04 $280.98 $30.73 $194.30 5. Mario opens a store credit card when he purchases new carpeting. The interest rate is 20.45%. He charges $3,240 to the card, and can pay $1,150 per month. What will the total cost of his purchase be? (1 point) $3,240.00 $3,349.36 $3,902.58 $4,289.36
 one year ago
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