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ozzi
3 years ago
9

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

Mathematics
2 answers:
vesna_86 [32]3 years ago
8 0

Answer:

= $44.19

Step-by-step explanation:

APR = 19%

Billing cycle = 30 days

Balance = $2830

Let's first find the daily rate,

Daily rate =  \frac{0.19}{365} = 0.000521

The daily rate = 0.000521

To calculate the amount Shirley was charged interest for the billing cycle, we use:

Daily rate * billing cycle * balance

Where,

Daily rate

=  \frac{0.19}{365}

Billing cycle = 30 days

Balance = $2830

Therefore, expression to be used =

(\frac{0.19}{365}  * 30) * 2830 \\= $44.19

Artist 52 [7]3 years ago
3 0

Answer:

0.19× 2830

Step-by-step explanation:

APR= APR rate×total expenditure/100

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