Last month Jimmy purchased a new TV for $1,800. As a result, on the 14th of June his balance was $1800. The 15th of June marked the beginning of the next billing period. Jimmy's balance remained $1,800 for the first half of this billing period (Jun. 15-29). Jimmy then paid his card issuer $750 on the 29th of June, reducing his balance to $750 for the remaining 15 days of the period.

Assuming an interest rate of 7.5%, use the adjusted balance method to calculate how much Yoshiro will be charged.

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Please note that in this question there is a typo If Jimmy paid 750 on J... View the full answer