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21-12-2022
Mathematics

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DO THE MATH: Skipper has a credit card account that charges 19% APR using 31
day billing periods. On the first day of the billing period, Skipper buys marine-grade
rope for $933 on the credit card. No other purchases are made. Skipper pays off the
purchase on day 31 at the end of the billing period. What is Skipper's finance
charge? Round your answer to the nearest penny.
Purchase
Day Description
1
Marine-grade rope
Payment
4
Amount
$933.00
Day Amount
31 $933.00
The table below will help you calculate the finance charge.

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