The balance on a credit card, that charges an 18% APR interest rate, over a 1 month period is given in the following table: Days 1-3: $150 (initial balance)
Days 4-20: $200 ($50 purchase)
Days 21-30: $50 ($150 payment)
What is the finance charge, on the average daily balance, for this card over this 1 month period?
round to the nearest hundredth

Step-by-step explanation:

The balance on a credit card, that charges an 18% APR interest rate, over a 1 month period is given in the following table:

Days 1-3: $150 (initial balance)

Days 4-20: $200 ($50 purchase)

Days 21-30: $50 ($150 payment)

What is the finance charge, on the average daily balance, for this card over this 1 month period?

round to the nearest hundredth

just do 5.2 + 2 ( 7.2) and 1/3 x 3 (.9) and youv'e got your equation. 0.9( 9/10) + 7.2 ^2 = 16.4 hope i could !

step-by-step explanation:

$30.32

step-by-step explanation:

65.00*.12=2.80

65.00-2.80=57.20

57.20*1.06=60.632

60.632/2=30.316