Mathematics, 04.11.2020 20:20 edwinn55526
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 1-5: $200 (initial balance)
Days 6-20: $350 ( $150 Purchase)
Days 21-30: 150 ($200 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)
Answers: 1
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The balance on a credit card, that charges a 20% APR interest rate, over a 1 month period is given i...
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