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Gudenas Company makes a credit card sale to a customer for $500. The credit card sale has a grace period of 30 days and then an interest charge of 18% per year or 1.5% per month is added to the balance. If the unpaid balance on the above sale is $300 at the end of the grace period, the interest charge is:
A. $5.00.
B. $4.50.
C. $7.50.
D. $3.00.
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Gudenas Company makes a credit card sale to a customer for $500. The credit card sale has a grace pe...
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