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Solve the Problem. -Use the Average Daily Balance for the Following Credit Card

Question 25

Multiple Choice

Solve the problem.
-Use the average daily balance for the following credit card account to find the finance charge if interest is 1.31% per month on the average daily balance. Assume one month between billing dates. Solve the problem. -Use the average daily balance for the following credit card account to find the finance charge if interest is 1.31% per month on the average daily balance. Assume one month between billing dates. A) $2.29 B) $3.06 C) $1.90 D) $2.36


A) $2.29
B) $3.06
C) $1.90
D) $2.36

Correct Answer:

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