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A card holder has a $6000 limit on their credit card with no outstanding charges.Finance charges on unpaid balances are 19.5% per year.He charged purchases
A card holder has a $6000 limit on their credit card with no outstanding charges.Finance charges on unpaid balances are 19.5% per year.He charged purchases totalling $3540.50 between May 2nd and May 19th.His statement arrived May 21 and a minimum payment of $55 was due by May 29th.He made the minimum payment on May 27th. He then took out a cash advance of $1000 on June 2 and paid the entire balance owing on June 15th, what did he pay on June 15th?
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