## anonymous one year ago What is the monthly finance charge if the average daily balance is \$15, the daily periodic rate is 0.06%, and the number of days in the cycle is 30? A) 27 cents. B) 45 cents. C) 90 cents.

1. Compassionate

So, set up a good equation here. The daily balance is 15, a daily rate of 0.06% for 30 days. We would say... $15 + 0.06 \times 30 = x$

2. anonymous

I got 16.8...