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What is done with the finance charge assessed by a credit card company?
added to the balance
Brigette had a previous balance on her credit card of 1234.89 She was assessed a 1.4 percent finance charge She made a 59 payment 15 days later Again she was assessed a 1.4 percent finance charge W?
1209.87
George had a previous balance on his credit card of 330.19 on which he paid 50.00 He was assessed a finance charge of 4.20 What is his new balance?
$284.39
George had a previous balance on his credit card of 330.19 on which he paid 50.00. He was assessed a finance charge of 4.20. What is his new balance?
$284.39
Hank purchased a new grill for 349 on his credit card He had a previous balance of 225.91 A finance charge of 8.62 was assessed What is his new balance?
583.53
Related Questions
What is done with the finance charge assessed by a credit card company?
added to the balance
Brigette had a previous balance on her credit card of 1234.89 She was assessed a 1.4 percent finance charge She made a 59 payment 15 days later Again she was assessed a 1.4 percent finance charge W?
1209.87
George had a previous balance on his credit card of 330.19 on which he paid 50.00 He was assessed a finance charge of 4.20 What is his new balance?
$284.39
George had a previous balance on his credit card of 330.19 on which he paid 50.00. He was assessed a finance charge of 4.20. What is his new balance?
$284.39
Hank purchased a new grill for 349 on his credit card He had a previous balance of 225.91 A finance charge of 8.62 was assessed What is his new balance?
583.53
Hank purchased a new grill for $349 on his credit card. He had a previous balance of $225.91. A finance charge of $8.62 was assessed. What is his new balance?
583.53
Hank purchased a new grill for 349 on his credit card. He had a previous balance of 225.91. A finance charge of 8.62 was assessed. What is his new balance?
583.53
Hank purchased a new grill for $349 on his credit card. He had a previous balance of $225.91. A finance charge of $8.62 was assessed. What is his new balance?
583.53
Sara had a previous balance of 449.13 carried over from last month's credit card bill The credit card company assessed a 6.74 finance charge What is Sara's new balance?
455.87
Sara had a previous balance of 449.13 carried over from last months credit card bill The credit card company assessed a 6.74 finance charge What is Saras new balance?
$455.87, assuming Sara has not made any additional charges on her card since receiving the previous credit card bill. When a credit card company assesses a finance charge, the finance charge ($6.74) is added to the existing balance ($449.13) to arrive at a new balance ($455.87). As an aside, if possible, Sara should revolve (carry) her balance on a credit card that charges a lower rate since the $6.74 finance charge represents 18% (17.7%) on an annualized basis.
Chevis had a previous credit card balance of 456.79 He was assessed a 1.5 percent finance charge He made no payments or purchases The credit card company added a 20 late fee The next month he was aga?
490.89
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2.?
To calculate the finance charge, multiply the credit card balance by the monthly interest rate. For a balance of $3,299.19 at a monthly rate of 1.2% (0.012), the finance charge is: Finance Charge = $3,299.19 × 0.012 = $39.59. Therefore, the finance charge for that month is approximately $39.59.
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