Yolanda's credit card has an APR of $16.22 \%$ and a billing cycle of 30 days. The table below shows her transactions with that credit card in the month of November.
DateAmount (\$) Transaction
11/1857.14 Beginning balance
11/376.95 Purchase
11/1050.00 Payment
11/2443.19 Purchase
Find Yolanda's finance charge in November using the previous balance method, the adjusted balance method, and the daily balance method. Among those three possible finance charges, what is the value of the one which is neither lowest nor highest?
A\$12.53
B\$11.59
C\$12.05
D\$10.91
Date | Amount (\$) | Transaction |
11/1 | 857.14 | Beginning balance |
11/3 | 76.95 | Purchase |
11/10 | 50.00 | Payment |
11/24 | 43.19 | Purchase |
A\$12.53
B\$11.59
C\$12.05
D\$10.91