The Levys credit card statement shows a balance due of $1578.25 on March 23, the billing date.

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The Levys’ credit card statement shows a balance due of $1578.25 on March 23, the billing date. For the period ending April 23, they had the following transactions.

March 26 March 30 $79.98 Charge: Party supplies Charge: Restaurant meal Payment Charge: Clothing Charge: Car repairs 52.

(a) Determine the average daily balance for the billing period.

(b) Determine the finance charge to be paid on April 23. Assume an interest rate of 1.3% per month.

(c) Determine the balance due on April 23.

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Related Book For  book-img-for-question

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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