2
AssignmentMultiple Choice

Consumer Responsibilities

Question 2 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

A consumer charges a $46.92 purchase on a credit card. The card has a daily interest rate of 0.039%. If the consumer pays off the balance at the end of 30 days, how much in interest will be paid for the purchase?

Answer
A
$0.06
B
$0.18
C
$0.55
D
$5.49
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