Question

The opening balance of one of the billing cycles for Bonita's credit card was $912. If she makes a payment during the billing cycle but doesn't make any new purchases, which of these is an accurate statement?
A. Bonita will pay less interest with the adjusted balance method and the average daily balance method, but not with the previous balance method.
B. Bonita will pay less interest with the average daily balance method, but not with the adjusted balance method or the previous balance method.
C. Bonita will pay less interest with the adjusted balance method, but not with the averag

Answer 1

the correct answer is A.bonita will pay less interest with the adjusted balance method and average daily balance method, but not with the previous balance method.  i just took the test

Answer 2

Answer:

A

Explanation:

Since Bonita has paid her bill during the billing cycle and not at the end of it, then She will pay less of her due interest.

Bonita has a due interest to pay, so the Average Balance or Adjust Balance Method will recalculate the new and reduced amount of interest by the end of the billing cycle.

Her payment was made during the billing cycle. The methods that lowers  her finance charge are the Average Daily Balance Method or Adjust  Balance.

The previous one does not lower the interest due, with prior payments