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On the September 1 Billing Date, Martin Had a Balance

Question 98

Multiple Choice

On the September 1 billing date, Martin had a balance due of $987.19 on his credit card. The transactions during the following month were: On the September 1 billing date, Martin had a balance due of $987.19 on his credit card. The transactions during the following month were: The interest rate on the card is 1.4% per month. Using the average daily balance method, find the Finance charge on October 1 (September has 30 days) . A) $20.11 B) $24.13 C) $20.30 D) $19.79 The interest rate on the card is 1.4% per month. Using the average daily balance method, find the
Finance charge on October 1 (September has 30 days) .


A) $20.11
B) $24.13
C) $20.30
D) $19.79

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