Using the average daily balance method and the information given, find the credit card finance charge for the month of August (31 days). The annual interest rate is 18%.
July 31 Balance $320
August 5 Charge $90
August 12 Payment $240
August 17 Charge $191
August 29 Charge $27
average daily balance . find the credit card finance charge for the month of august (31 days) the annual interest rate is 18%
July 31 balance $510
August 9 charge $86
August 10 payment $390
August 22 charge 147
August 27 charge $14
1 answer
1 answer