Ask Question
13 June, 02:28

The average daily balance is $210.39 on a credit card with APR of 13.4% over a billing period of 30 days what will the finance charge be?

+5
Answers (1)
  1. 13 June, 04:10
    0
    Principal = 210.39

    APR = 13.4%

    billing period = 30 days

    finance charge over 30 days

    = 210.39*0.134*30/365

    = $2.22
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The average daily balance is $210.39 on a credit card with APR of 13.4% over a billing period of 30 days what will the finance charge be? ...” 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