Question

Vladimir has a credit card that uses the average daily balance method. For

Answer 1

Multiply 1050 by 14 and add to 1280 x 17 and divide by total days:

((1050 x 14) + (1280x17)) / ( 14+ 17)

You would then need to calculate the interests for that time period by dividing the annual interest rate by days in a year and multiply by total days in the billing cycle:

0.19/365 x 31

The finale Aquarian would be:

(0.19/365 x 31) ((1050 x 14) + (1280x17)) / ( 14+ 17)

The answer is B