Calculate the interest due on the following credit card balances:

Question

A. An unpaid balance of $1629.53 at a rate of 19.50% for 21 days; and
B. An unpaid balance of $2639.99 at a rate of 22.95% for 30 days.

Answer 1

A) $1629.53 x 0.195 x 21/365 = $18.28
B) $2639. 99 * .2295 * 30/365 = $49.80

Answer 2

Thanks