Answered

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Airiona pays a finance charge on her average daily balance of $1565.00. Her APR is 18%. What is her finance charge for this billing cycle?

Sagot :

her daily balance is $1565.00

Her APR is 18%

her finance charge is APR X Daily balance

Her finance charge = 18 / 100 x $1565

= 0.18 x $1565

= $281.7

Her finance charge is $281.7$

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