Question: help solve Use the average daily balance method to compute the finance charge on the credit card for the previous month. Round to two decimal
Use the average daily balance method to compute the finance charge on the credit card for the previous month. Round to two decimal places Month: July (31 days) Date Previous month's balance: $770 Transaction Interest rate: 19% made payment of $209 July 15 charged 541 for groceries July 20 charged $91 for golf equipment July 27 charged $70 for school supplies July 5 O A $9.00 B. $9.14 C. $9.35 OD $10.60
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
