Explore a wide range of topics and get answers from experts on IDNLearn.com. Our experts are ready to provide in-depth answers and practical solutions to any questions you may have.
The balance on a credit card, that charges a 12% APR interest rate, over a 1 month period is given in the following table: Days 1-3: $200 (initial balance) Days 4-20: $300 ($100 purchase) Days 21-30: $150 ($150 payment) What is the finance charge, on the average daily balance, for this card over this 1 month period? Finance charge = $? round to the nearest hundredth
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for visiting IDNLearn.com. We’re here to provide dependable answers, so visit us again soon.