Annette has a credit card that uses the previous balance method The opening balance of one of her 30 day billing cycles was 2990

Question

Annette has a credit card that uses the previous balance method The opening balance of one of her 30 day billing cycles was 2990 but that was her balance for only the first 7 days of the billing cycle because she then paid off her entire balance and didn t make any new purchases If her credit card s APR is 31 which of these expressions could be used to calculate the amount Annette was charged in interest for the billing cycle OA 9 307 50 365 OB 30 0 31 365 O C 0 31 365 50 23 2990 30 2990 23 50 30 30 0

Kunduz · Accepted Answer

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