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iragen [17]
3 years ago
12

Calvin's credit card computes finance charges using the daily balance method. His card has a billing cycle of 30 days and an APR

of 14.75%. The following table details Calvin's transactions in the month of September. Date 9/1 Amount ($) Transaction 716.54 Beginning balance 84.94 Purchase 977 9/12 Purchase 15.69 200.00 9/20 Payment What will Calvin's starting balance be next month? a. $617.17 b. $624.74 c. $625.91 d. $623.52​
Mathematics
1 answer:
kvv77 [185]3 years ago
6 0

Answer:

Step-by-step explanation:

Date

Amount ($)

Transaction

9/1

716.54

Beginning balance

9/7

84.94

Purchase

9/12

15.69

Purchase

9/20

200.00

Payment

What will Calvin's starting balance be next month?

c.

$625.91

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