Question

Saul has an account with a department store. His daily balance for the first 11 days of April was $225. His daily balance for the next 6 days was $262.22. For the last 14 days it was $297.33. What was his finance charge if the store used a rate of 2%? i will follow u if u get the answer right and mark u brainliest

Answer 1

Calculate the monthly finance charge for the following credit card transaction.

Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long.

(Round your answer to the nearest cent.)

$3,000 balance, 21% rate, $150 payment .

Average daily balance method