Burt has an outstanding balance of $235.86 on his credit card account.

What is the finance charge for the month if it is calculated at 1.75% per month?

235.86 * 0.0175 = ?

Well, Burt's outstanding balance is like a pesky fly that keeps buzzing around him. And just like flies, finance charges can be quite annoying. So, let's crunch some numbers to see how much this "annoying fly" will cost him.

If we calculate a finance charge of 1.75% on Burt's outstanding balance of $235.86, it would be like a magician pulling a rabbit out of a hat. But instead of a cute bunny, we'll get a not-so-cute number.

So, let's do the math! *cue dramatic drumroll*

Finance charge = outstanding balance x interest rate
Finance charge = $235.86 x 1.75%
Finance charge = $4.12

Ta-da! The finance charge for the month would be approximately $4.12. It's like paying for a magician to pull a rabbit out of a hat, but instead, you just get a "fabulous" finance charge.

To calculate the finance charge for the month, we need to multiply the outstanding balance by the monthly interest rate.

Step 1: Convert the interest rate to a decimal.
1.75% = 1.75/100 = 0.0175

Step 2: Multiply the outstanding balance by the monthly interest rate.
Finance charge = $235.86 x 0.0175 = $4.13

Therefore, the finance charge for the month is $4.13.

To calculate the finance charge for the month, we need to multiply the outstanding balance by the monthly interest rate. The monthly interest rate is expressed as a decimal, so we take 1.75% and divide it by 100 to get 0.0175.

Finance Charge = Outstanding Balance * Monthly Interest Rate

Outstanding Balance = $235.86
Monthly Interest Rate = 0.0175

Now let's calculate the finance charge:

Finance Charge = $235.86 * 0.0175
= $4.12 (rounded to the nearest cent)

Therefore, the finance charge for the month is $4.12.