Mathematics, 03.05.2021 20:30 babyambs50
The balance on Ramon Felipe's credit card on January 12, his billing date, was $261.55. For the period ending February 12, Ramon had the following transactions to the right.
a) Find the average daily balance for the billing period.
b) Find the finance charge to be paid on February 12. Assume an interest rate of 1.2% per month.
c) Find the balance due on February 12.
January 24
Charge:
Restaurant meal
$67.63
January 29
Payment
$150.00
February 1
Charge:
Lawn ornaments
$33.73
February 9
Charge: Microwave oven
$154.11
a) The average daily balance for the billing period was $ nothing.
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