For the first 10 days of one of his 30 day billing cycles his balance was $2500 either made a payment for $1600 so his balance decreased 908 remains that amount for the next 10 days Armando that made a purchase for 1300 so his balance for the next 10 days of the billing cycle $2200 if his credit card APR is 33%. 

How much was Armando charged in interest for the billing cycle?

Answer rating: 100% (QA)

To calculate the interest charged for the billing cycle we need to determine the average daily balan... View the full answer