first you divide 1.2 by its self because you need to get 1 pound. 1.2 / 1.2 = 1
now that you have one pound, you divide 11.82 by 1.2 = 9.85
Answer:
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
[tex]= \frac{1.5}{100}[/tex]
= 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 .
