Question:

Walter has a credit card that uses the average daily balance

Last updated: 1/19/2024

Walter has a credit card that uses the average daily balance

Walter has a credit card that uses the average daily balance method For the first 15 days of a 31 day billing cycle his balance was 1440 but then he paid off his entire balance and didn t make any new purchases If his credit card s APR is 22 how much was Walter charged in interest for the billing cycle OA 26 91 OB 0 OC 13 89 D 13 02