The balance on a credit card that charges a 10 5 APR interest rate over a 1 month period is given in the following table Days 1

Question

The balance on a credit card that charges a 10 5 APR interest rate over a 1 month period is given in the following table Days 1 3 150 initial balance Days 4 20 200 50 purchase Days 21 30 50 150 payment What is the finance charge on the average daily balance for this card over this 1 month period finance charge Round to the nearest hundredth Enter

Kunduz · Accepted Answer

Click to see the answer