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Gudenas Company makes a credit card sale to a customer for $ 5 0 0 . The credit card sale has a grace period of

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 er of the grace period, the interest charge is
$4.50
$7.50
$3.00
$5.00
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