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Flura [38]
2 years ago
5

Tom's credit card issuer calculates interest by first adding up the balances for all the days in the billing cycle and then divi

ding that total by the number of days. What is this method of calculating interest on a credit card called?
Mathematics
1 answer:
Vinil7 [7]2 years ago
7 0

Average daily balance method

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Answer:

Step-by-step explanation:

Kindly check explanation

Step-by-step explanation:

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