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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 company?
added to the balance
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
What is done with the finance charge assessed by a cedit card?
The finance charge assessed by a credit card is primarily used to compensate the credit card issuer for the risk of lending money and for the cost of providing credit. This charge is calculated based on the outstanding balance and the interest rate associated with the card. The revenue generated from finance charges contributes to the issuer's profit, covering operational costs and other financial services. Additionally, it may also fund rewards programs or promotional offers for cardholders.
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
What is a finance charge?
A finance charge is interest charged by a lender on the unpaid balance of a loan.
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