The balance on a credit card that charges a 20 APR interest rate over a 1 month period is given in the following table Days 1 3

Question

The balance on a credit card that charges a 20 APR interest rate over a 1 month period is given in the following table Days 1 3 200 initial balance Days 4 20 300 100 purchase Days 21 30 150 150 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

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