Mathematics, 03.12.2020 03:40 jordanfwtm

Jeremy didn’t pay his previous month’s credit card bill in full. This month’s bill shows a finance charge of $85.50. Jeremy calculates the average daily balance in the new bill to be $5,343.75. What is the monthly percentage rate on the card? A.
1.6%
B.
1.92%
C.
16%
D.
19.2%

Answers: 1

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More questions: Mathematics Another questions

Jeremy didn’t pay his previous month’s credit card bill in full. This month’s bill shows a finance charge of $85.50. Jeremy calculates the average daily balance in the new bill to be $5,343.75. What is the monthly percentage rate on the card? A. 1.6% B. 1.92% C. 16% D. 19.2%

Answers

Another question on Mathematics

Jeremy didn’t pay his previous month’s credit card bill in full. This month’s bill shows a finance charge of $85.50. Jeremy calculates the average daily balance in the new bill to be $5,343.75. What is the monthly percentage rate on the card? A.
1.6%
B.
1.92%
C.
16%
D.
19.2%