Ask a New Question

You owe $302.87 on your credit card. Your average daily balance is $112.98, the billing cycle is 35 days, and the interest rate on the credit card is 16%. How much do you owe?

A- $304.60
B- $306.40
C- $303.66
D- $316.44

1 answer

C- $303.66

Similar Questions

Jerry has a credit card that uses the average daily balance method. For the first 14 days of one of his billing cycles, his
1. 1 answer
You owe $644.90 on your credit card. Your average daily balance is $376.11, the billing cycle is 38 days, and the interest rate
1. 1 answer
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
1. 1 answer
You owe $644.90 on your credit card. Your average daily balance is $376.11, the billing cycle is 38 days, and the interest rate
1. 1 answer

more similar questions