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Previous balance $714.58 Previous balance $412.42 Solve the following application problems. CREDIT-CARD DEBT Jerry Jasper an average daily balance of $2800.35 for month on a credit card that charges 1.5% on the average daily balance. (a) Fin monthly finance charge. (b) Find the finance charge if he can change the loan to a card that charges 1% on the average unpaid balance. (c) Find the savings. REDUCING FINANCE CHARGES Maria Estefan has an average daily balance $4509.66 for the month on a credit card that charges 1.8% on the average daily balance (a) Find the monthly finance charge. (b) Find the finance charge if she can the loan to a credit card that charges 1% on the average unpaid balance. (c) savings. DREAM VACATION After taking his dream vacation to Europe, Benjamin, Thompson an average daily balance of $4850.39 on a credit card that charges 1.5% per month. (a) the interest charges. (b) Find the interest charges if he can change the loan to a credit that charges 0.8% per month. (c) Find the savings. CREDIT-CARD DEBT Jerry Johnson has been ill and has an average daily $16, 432.51 on a credit card charging 1.6% interest. (a) Find the monthly finance (b) Find finance charge if he can change the loan to a credit card that charges on the average daily balance. (c) Find the savings. Explain how the average daily balance is determined. Previous balance $714.58 Previous balance $412.42 Solve the following application problems. CREDIT-CARD DEBT Jerry Jasper an average daily balance of $2800.35 for month on a credit card that charges 1.5% on the average daily balance. (a) Fin monthly finance charge. (b) Find the finance charge if he can change the loan to a card that charges 1% on the average unpaid balance. (c) Find the savings. REDUCING FINANCE CHARGES Maria Estefan has an average daily balance $4509.66 for the month on a credit card that charges 1.8% on the average daily balance (a) Find the monthly finance charge. (b) Find the finance charge if she can the loan to a credit card that charges 1% on the average unpaid balance. (c) savings. DREAM VACATION After taking his dream vacation to Europe, Benjamin, Thompson an average daily balance of $4850.39 on a credit card that charges 1.5% per month. (a) the interest charges. (b) Find the interest charges if he can change the loan to a credit that charges 0.8% per month. (c) Find the savings. CREDIT-CARD DEBT Jerry Johnson has been ill and has an average daily $16, 432.51 on a credit card charging 1.6% interest. (a) Find the monthly finance (b) Find finance charge if he can change the loan to a credit card that charges on the average daily balance. (c) Find the savings. Explain how the average daily balance is determined
