Question:
Norma has a credit card that uses the adjusted balance
Last updated: 4/1/2024
Norma has a credit card that uses the adjusted balance method For the first 10 days of one of her 30 day billing cycles her balance was 1850 She then made a purchase for 160 so her balance jumped to 2010 and it remained that amount for the next 10 days Norma then made a payment of 930 so her balance for the last 10 days of the billing cycle was 1080 If her credit card s APR is 29 which of these expressions could be used to calculate the amount Norma was charged in interest for the billing cycle 0 29 A 30 365 0 29 B 365 10 1850 10 2010 10 1080 30 30 1850 0 29 C 30 365 D 0 29 365 X 10 1850 10 2010 10 930 30 920 30