Answer :
Answer:
The finance charge is $6.96.
Step-by-step explanation:
Given:
Dudley Greene's charge account statement shows an unpaid balance of $376.00.
The monthly finance charge is 1.85 percent of the unpaid balance.
Now, to find the finance charge.
Unpaid balance = $376.00.
Finance charge = 1.85% of unpaid balance.
So, to get the finance charge:
1.85% of $376.00.
[tex]=\frac{1.85}{100} \times 376.00[/tex]
[tex]=0.0185\times 376.00[/tex]
[tex]=\$6.96.[/tex]
Therefore, the finance charge is $6.96.
