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3 years ago

14

The average daily balance is $210.39 on a credit card with APR of 13.4% over a billing period of 30 days what will the finance c

harge be?

1 answer:

lakkis [162]3 years ago

3 0

Principal = 210.39
APR = 13.4%
billing period = 30 days
finance charge over 30 days
= 210.39*0.134*30/365
= $2.22

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