The interest charged on purchases and cash advances on credit cards is computed in the same way.

Name: The interest charged on purchases and cash advances on credit cards is computed in the same way.
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Quizplus · Accepted Answer

Interest on purchases is usually calculated using the average daily balance method and may have a grace period, while cash advances often start accruing interest immediately without a grace period, and the method can vary.

The Interest Charged on Purchases and Cash Advances on Credit