Lucinda thompson’s charge account statement shows unpaid balance of 222.08. the monthly finance charge is 1.5 percent of the unpaid balance. what is the finance charge

The finance charge is $ 3.3312 .

Step-by-step explanation:

As given

lucinda thompson’s charge account statement shows unpaid balance of 222.08.

The monthly finance charge is 1.5 percent of the unpaid balance.

1.5% is written in the decimal form

= 0.015

Thus

Finance charge = 0.015 × Unpaid balance amount .

Put all the values in the above

                          = 0.015 × 222.08

                          = $ 3.3312

Therefore the finance charge is $ 3.3312 .