Question 1 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT
First add sales tax: $175 × 1.0775 = $188.5625. The daily interest rate is 0.039% = 0.00039, so over 30 days the interest is $188.5625 × 0.00039 × 30 ≈ $2.21. The total is about $190.77, which is choice A.
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