Use of Financial Calculator TI BA II Plus required. Your credit card had balances of $800 for 13 days, $600 for 5 days, and $650 for 12 days. At an effective rate of 1.5 percent interest per month (30 days)how much is the interest charge using the average balance method?
A)$9.40
B)$7.06
C)$30.75
D)$10.60

Question

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The Answer of Use of Financial Calculator TI BA II Plus required. Your credit card had balances of $800 for 13 days, $600 for 5 days, and $650 for 12 days. At an effective rate of 1.5 percent interest per month (30 days)how much is the interest charge using the average balance method?
A)$9.40
B)$7.06
C)$30.75
D)$10.60

Use of Financial Calculator TI BA II Plus Required