consumer loans, quantitive reasoning

consumer loans / QUANTATIVE reasoning

card for the previous month. Month: April (30 days) Previous month's balance: $950 Interest rate: 21% Date Transaction April 3 charged 3103 for phone bill April 12 made payment of $320 April 21 charged 595 for electricity bill April 29 retumed 567 for lawn service $14.15 $11.65 $15.03 $17.65 card for the previous month. Month: May (31 days) Previous month's balance: $960 Interest rate: 16% Date Transaction May3 made payment of $310 May 12 charged 3107 for rental car May 21 charged 592 for museum tickets May 29retumed 565 for camera $7.24 O $8.05 $11.32 $10.40 Use the average daily balance method to compute the finance charge on the credit card for the previous month. Month: April (30 days) Previous month's balance: $950 Interest rate: 21% Date Transaction April 3 charged 5103 for phone bill April 12 made payment of $320 April 21 charged 395tor electricity bill April 29retumed $67 for lawn service $15.03 $11.65 $17.65 $14.15