Kurt borrowed $225 for 18 days on his credit card using a cash advance. His credit company charged a cash advance fee of $12 and a daily periodic interest rate of 0.054%. What was the total finance charge on the cash advance?

🎲 Try a Random Question  |  Total Questions in Quiz: 100  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
FBLA Business Calculations Test 5 — practice the complete quiz, review flashcards, or try a random question.


Kurt borrowed $225 for 18 days on his credit card using a cash advance. His credit company charged a cash advance fee of $12 and a daily periodic interest rate of 0.054%. What was the total finance charge on the cash advance?






ADVERTISEMENT