## plz help will give biranlest QUESTION 1 Roderick’s credit card company calculates a finance charge based upon a periodic r

Question

plz help will give biranlest

QUESTION 1

Roderick’s credit card company calculates a finance charge based upon a periodic rate of 1.8% on all unpaid balances. If Roderick has an unpaid balance of $300.00, determine the finance charge that he will be assessed.

$301.80

$298.20

$5.40

$54.00

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2021-12-28T20:13:46+00:00
2021-12-28T20:13:46+00:00 1 Answer
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## Answers ( )

Answer:$5.40

Step-by-step explanation:The word

percentliterally means “for each 100,” and we can use this vocab fact to help us answer a question like “what is 1.8percentof $300?” We have 1.8for each 100in 300, and since there are 3 hundreds in 300, that means we’re going to be counting 3 1.8s, which gets us 1.8 × 3 = 5.4. Since our unit isdollarsthis comes out to$5.40.