Mike's credit card has an APR of 9.89% and a grace period of 16 days, and Mike pays his balance in full every month. If his last billing cycle ended on April 25, 2009, and he made his payment on May 13, 2009, did he owe any interest on his last statement's balance?
A) no, because he didn't pay within the grace period
B) yes, because he paid within the grace period
C) no, because he paid within the grace period
D) yes, because he didn't pay within the grace period
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mike's credit card has an APR of 9.89% and a grace period of 16 days, and Mike pays his balance in full every month. If his last billing ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Apex Financial Literacy: Comparing Credit and APR Jesse has a balance of $1200 on a credit card with an APR of 18.7%, compounded monthly.
Answers (1)
8-2 х-4 What is the answer?
Answers (1)
Simplify (x + 4) (x2 - 6x + 3).
Answers (2)
Here is a tricky question to make you think. Question: 1+9+8=1 how is this answer correct?
Answers (1)
Solve for x. -30 = 5 (x+1)
Answers (2)
New Questions in Mathematics
Solve for x. s=3w+2x
Answers (1)
Andre wants to save $40 to buy a gift for his dad. Andre's neighbor will pay him weekly to mow the lawn, but Andre always gives a $2 donation to the food bank in weeks when he earns money.
Answers (1)
The sum of consecutive integers 1,2,3, ..., n is given by the formula 1/2n (n+1). How many consecutive integers, starting with 1, must be added to get the sum of 1081
Answers (1)
Two lines that intersect to form right angles are called what? A. Skew lines B. Line segments C. Perpendicular lines D. Parallel lines
Answers (2)
In the United States, the number y (in millions) of bicycles sold with wheel sizes of 20 in. or greater can be modeled by the equation y = 0.3x + 15, where x is the number of years since 1981. In what year were about 22 million bicycles sold?
Answers (1)