Question: Sidney took a $400 cash advance by using checks linked to her credit card account. Th bank charges a 3 percent cash advance fee
Sidney took a $400 cash advance by using checks linked to her credit card account. Th bank charges a 3 percent cash advance fee on the amount borrowed and offers ne grace period on cash advances. Sidney paid the balance in full when the bill arrived. (a)What was the cash advance fee? Cash advance fee $0 (b)What was the interest for one month at an 6percent APR? Interest 5 (c) What was the total amount she paid? Total amount
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
