text: ##### Roderick's credit card company calculates a finance charge based upon a periodic
  
   Algebra Tutor: None Selected Time limit: 1 Day
  
  Roderick's credit card company calculates a finance charge based upon a periodic rate of 1.2% on all unpaid balances. If Roderick has an unpaid balance of \$200, determine the finance charge that he will be assessed.
  
  Dec 19th, 2014
  
  Roderick will be charged 1.2 % of the unpaid balance.
  
  in this case the unpaid balance is \$200,
  
  so Finance Charges = 1.2% of \$200 = (1.2/100)*200 = \$2.4
  
  so, Roderick has to pay finance charge of \$2.4
  
  Dec 19th, 2014
  
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  Dec 19th, 2014
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  Dec 19th, 2014
  Dec 6th, 2016
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