# Business Math Question

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Find the finance charge per \$100 on a loan of \$12,600 with a finance charge of \$1,638.

• Business Math Question -

\$1,638/\$12,600 = finance charge per \$1.00 = \$0.13/\$1.00.
Multiply both numerator and denominator by 100 in order to increase the \$1.00 to \$100.00 = answer \$13/\$100.

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