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Suppose the charge account of Black's Mailing Service at the local supply store had a 1.5% interest rate per month on the average daily balance.
Suppose the charge account of Black's Mailing Service at the local supply store had a 1.5% interest rate per month on the average daily balance. Find the Black's finance charge on April 1 if Black's had an unpaid balance on March 1 of $101.45, a payment of $ 10.00 posted on March , and a purchase of $28.79 posted on March . The billing cycle ends March 31.
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