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JenieBalawest
JenieBalawest JenieBalawest
  • 17-06-2016
  • Mathematics
Answered

The average daily balance is $210.39 on a credit card with APR of 13.4% over a billing period of 30 days what will the finance charge be?

Verified Answer :

mathmate
mathmate mathmate
  • 18-06-2016

principal = 210.39
APR = 13.4%
billing period = 30 days
finance charge over 30 days
= 210.390.13430/365
= $2.22

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rozim1969
rozim1969 rozim1969
  • 25-01-2021

Answer:

$2.22

Step-by-step explanation:

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