Armando has a credit card that uses the adjusted balance method For the First 10...

70.2K

Verified Solution

Question

Geometry

image

Armando has a credit card that uses the adjusted balance method For the First 10 days of one of his 30 day billing cycles his balance was 2500 He then made a payment of 1600 so his balance decreased to 900 and it remained that amount for the next 10 days Armando then made a purchase for 1300 so his balance for the last 10 days of the billing cycle was 2200 If his credit card s APR is 33 how much was Armando charged in interest for the billing cycle OA 59 67 B 67 81 OC 24 41 OD 35 26

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students