Question

Joan has a credit card that uses the previous balance method. The opening balance of one of her 30-day billing cycles was $6390, but that was her balance for only the first 3 days of the billing cycle, because she then paid off her entire balance and didn't make any new purchases. If her credit card's APR is 17%, which of these expressions could be used to calculate the amount Joan was charged in interest for the billing cycle?

Answer 1

Answer:

(0.17 /365* 30) ($6390)

Step-by-step explanation:

Answer 2

It would be something that looks like this:

((6390 * 0.17)/365) x 3