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Author Question: Luigi has a charge card at Willis' Auto Supplies with an APR of 15. Luigi wants to calculate the ... (Read 124 times)

cagreen833

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on: Jun 24, 2018
Luigi has a charge card at Willis' Auto Supplies with an APR of 15. Luigi wants to calculate the finance charges on a previous balance of 319.67. Which statement is true?
 A) He should multiply 319.67 by 0.015.
  B) He should multiply 319.67 by 0.015 12.
  C) He should multiply 319.67 by 0.15.
  D) He should multiply 319.67 by 15 12.

Question 2

The APR for Renee's charge account at Super Mart is 21. Using the previous balance method, what are the finance charges on Renee's previous balance of 645.32?
 A) 11.29
  B) 13.55
  C) 111.29
  D) 135.52


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soda0602

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

A


cagreen833

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

cassie_ragen

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Reply 3 on: Yesterday
Excellent

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