Credit card companies have different policies and rates. One company's policies are as follows: Part 1: a. The monthly finance charge on the amount due is determined by the following rule: 0.0149...


Credit card companies have different policies and rates. One company's policies are as follows:<br>Part 1:<br>a. The monthly finance charge on the amount due is determined by the following rule: 0.0149 times the<br>first $500; 0.0095 times the next $500; and 0.0081 times the amount over $1,000. What is the finance<br>charge on $6,000 rounded to the nearest hundredth of a dollar?<br>$ 52.70<br>Part 2 out of 2<br>b. The late charges are 0.05 times the amount past due. What is the late charge on $442.03, rounding the<br>answer to the nearest hundredth of a dollar?<br>

Extracted text: Credit card companies have different policies and rates. One company's policies are as follows: Part 1: a. The monthly finance charge on the amount due is determined by the following rule: 0.0149 times the first $500; 0.0095 times the next $500; and 0.0081 times the amount over $1,000. What is the finance charge on $6,000 rounded to the nearest hundredth of a dollar? $ 52.70 Part 2 out of 2 b. The late charges are 0.05 times the amount past due. What is the late charge on $442.03, rounding the answer to the nearest hundredth of a dollar?

Jun 09, 2022
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