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AlexFokin [52]
2 years ago
15

What are the three methods of calculating balance charges on credit cards?.

Business
1 answer:
Rama09 [41]2 years ago
5 0

The three methods of calculating balance charges on credit cards are:

  • previous balance method.
  • average daily balance method (excluding and including newly billed purchases.
  • adjusted balance method.

<h3>How can we calculate a credit card balance ?</h3>

Calculation of the credit balance can be done generally by dividing  the  average daily balance totals by the total number of days in the billing cycle.

Then the result is then  multiplied by the monthly interest  rate, however all the listed method can as well be used.

Learn more aboutcredit cards at:

brainly.com/question/6872962

#SPJ1

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Answer:

The correct answer is A) top quality.

Explanation:

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muminat

Answer:

The graph has been attached.

Explanation:

a. Please see attached graph with the shaded budget set labelled A

b. Please see attached. Curve C; D and E are the indifference curves. The most suitable one would be D since it is on the budget curve. E is not maximum utility and C is unattainable given his budget of $20.

c.  U (X,Y) = X + 2Y

At C, Utility = 10 + 2(10) = $30. That is above his budget

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The Indifference curve that gives most utility is D, where cheese is 10 and cocoa is 5 units.

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