Question

Annette has a credit card that uses the previous balance method. The

Answer 1

Answer:

Option D is correct.

Step-by-step explanation:

Previous Balance Method uses the "previous" balance, that is, the balance from the month before.

Here, it is given that the  opening balance of one of her 30-day billing cycles was $2990. This means this was previous month amount or previous balance.

So, Annette will be charged the interest on $2990.

Hence, option D is correct.