contestada

Yolanda’s credit card has an APR of 16.22% and a billing cycle of 30 days. The table below shows her transactions with that credit card in the month of November. Date Amount ($) Transaction 11/1 857.14 Beginning balance 11/3 76.95 Purchase 11/10 50.00 Payment 11/24 43.19 Purchase Find Yolanda’s finance charge in November using the previous balance method, the adjusted balance method, and the daily balance method. Among those three possible finance charges, what is the value of the one which is neither lowest nor highest? a. $12.53 b. $11.59 c. $12.05 d. $10.91

Respuesta :

Answer:

B.$11.59

Step-by-step explanation:

EDGE 2021

Parrain

Based on the interest rate and the amount Yolanda owes, the finance charge that is neither the highest nor the lowest is B. $11.59.

How do we find the finance charge?

This can be found by the formula:

= Amount transacted x Interest rate / 12 months

Solving gives:

= 857.14 x 16.22%/12

= 857.14 x 1.352%

= $11.59

In conclusion, option B is correct.

Find out more on credit card payments at https://brainly.com/question/2522722.

Otras preguntas