You owe $561.54 on your credit card. Your average daily balance is $220.77, the billing cycle is 32 days, and the interest rate

Question

You owe $561.54 on your credit card. Your average daily balance is $220.77, the billing cycle is 32 days, and the interest rate on the credit card is 19%. What is your interest charge?
(a) $3.86
(b) $4.02
(c) $3.68
(d) $4.89

Kunduz · Accepted Answer

Click to see the answer