Find the finance charge on an unpaid balance of \( \$ 1651.56 \) in a revolving charge account if the monthly interest rate is \( \quad \begin{array}{l}\text { The finance charge is } \$ \square \\ 1.5 \% \text {. } \\ \text { (Round to the nearest cent.) , }\end{array} \)

To calculate the finance charge, you multiply the unpaid balance by the monthly interest rate. Here, you would calculate: \( \text{Finance Charge} = 1651.56 \times 0.015 = 24.7734 \). Rounded to the nearest cent, the finance charge is \( \$ 24.77 \). You can think of this charge as the cost of borrowing on your balance. If you keep this unpaid, it might snowball over time! If you pay just a little more each month, you can reduce total interest over time, keeping more dollars in your wallet.