Question: Think about the following problems and post your replies below. You must show all work to receive partial credit. No credit will be given for
Think about the following problems and post your replies below. You must show all work to receive partial credit. No credit will be given for correct answers with no supporting work. You answer must be contained in one single post. Before you try any of these problems take a look at examples 4 and 7 in section 11.2. Problem 1. Calculate the interest on a $1,325 credit card balance showing 18.25% APR assuming that $325 is sent on March 10th and is recorded on March 20th. Use the following method for calculating the interest. (a) previous balance method (b) adjusted balance method
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