Question: A credit card account has a Php 5,000 balance on April 1. A purchase of Php 999 was made on April 5 and payment of


    •  A credit card account has a Php 5,000 balance on April 1. A purchase of Php 999 was made on April 5 and payment of Php 2,000 was made on April 18. Find the total balance owed on the May 1 bill if the interest rate is 1.2% per month. Note: Your answer must only contain numbers. Round off your answer to the nearest whole number.

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ANS WER The total balance owed on the May 1 bill would be Ph p 4 006 CALCULATION Php 5000 12 x P... View full answer

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