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Roderick's credit card company calculates a finance charge based upon a periodic rate of 1.2% on all unpaid balances. If Roderick has an unpaid balance of $200, determine the finance charge that he will be assessed. $301.80 $298.20 $2.40 $54.00

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sqdancefan

Answer:

  $2.40

Step-by-step explanation:

You have ...

  finance charge = 1.2% × unpaid balance

     = 0.012 × $200 . . . . . fill in the value of unpaid balance

  finance charge = $2.40

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