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Original Question
Suppose you have a credit card with an 20.4% annual interest rate, and the statement balance for the month is $8,600. Suppose a...Question
Suppose you have a credit card with an 12% annual interest rate, and the statement balance for the month is $4,800. Suppose also that you have already computed the average daily balance to be $4,944.
Find the interest charges for the month. Round to the nearest cent.
$
49.44
Correct
Find the amount due for your next bill. Round to the nearest cent.
$
Find the interest charges for the month. Round to the nearest cent.
$
49.44
Correct
Find the amount due for your next bill. Round to the nearest cent.
$
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