Jackson and kate jones do not pay their credit care in full, the average daily balance is $$875 and the monthly periodic rate is 2.25%, what should be the fiance charge on the statement?

The finance charge is $19.68

Step-by-step explanation:

The finance charge on a credit card is given by the formula:

Finance Charge = The Average Daily Balance x Monthly Periodic Rate

We know that:

Average Daily Balance = $875

Monthly Periodic Rate = 2.25% = 0.0225

Using in Formula:

Finance Charge = $875 x 0.0225

Finance Charge = $19.68

m=-16

step-by-step explanation:

the homeowners insurance cost for a 115,000 wood frame house is 80,500.

step-by-step explanation:

it is given that the coverage rate for wood frame house is 0.7.

the value of wood frame house is 115,000.

.

homeowners insurance cost for a 115,000 wood frame house is

therefore the homeowners insurance cost for a 115,000 wood frame house is 80,500.