Find trusted answers to your questions with the help of IDNLearn.com's knowledgeable community. Join our interactive community and access reliable, detailed answers from experienced professionals across a variety of topics.
Dennis has a credit card with an APR of 10.14% and a billing cycle of 30 days. The following table shows his transactions with that credit card in the month of November.
If the finance charge for November is $3.82, which method of calculating the finance charge does Dennis’s credit card company use?
a.
adjusted balance method
b.
previous balance method
c.
daily balance method
d.
there is not enough information to determine which method was used
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Find precise solutions at IDNLearn.com. Thank you for trusting us with your queries, and we hope to see you again.
