Jalen had to pay $⁢2,000 on his credit card for some home repairs, which has an APR of 16% Let n be the average daily balance and o the monthly finance charge. Which equation best determines o using the APR?

Name: Revolt
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Question

Revolt · Accepted Answer

o=0.1612⋅n

Practice Test

Jalen had to pay $⁢2,000 on his credit card for some home repairs, which has an APR of 16% Let n be the average daily balance and o the monthly finance charge. Which equation best determines o using the APR?

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