Harvey has a credit card that uses the previous balance method. The opening balance of one of his 30-day billing cycles was $2790, but that was his

balance for only the first 6 days of the billing cycle, because he then paid off

his entire balance and didn't make any new purchases. If his credit card's APR

is 21%, which of these expressions could be used to calculate the amount

Harvey was charged in interest for the billing cycle?

O A G3 • 30 (52790)

OB 22:30)(6• 50 + 24 • *2790

oc. 07.30)6* $2799 + 24 =$99

OD. (330)

((0.21 / 365) * 30) * 2790

Explanation:

Annual percentage rate = 21%

Opening / beginning balance balance for the month = 2790

Number of days in billing cycle = 30

For the previous balance method :

The interest or finance charge is based on the amount of debt outstanding at the beginning of the previous month :

[(Daily rate * number of days in billing cycle) * beginning balance]

[[(21% ÷ 365) * 30] * 2790]

figure it out loser harabe

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