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Acredit card has a monthly rate of 1.90% and uses the average daily balance method for calculatin nterest. Here are some of the details in
Acredit card has a monthly rate of 1.90% and uses the average daily balance method for calculatin nterest. Here are some of the details in the June 1 - June 30 itemized billing: June 1 Unpaid Balance: $436.13 Payment Received June 15: $170.00 Purchases Charged to the Account: $230.83 Average Daily Balance: $410.00 Last Day of the Billing Period: June 30 Payment Due Date: July 9 Minimum payment terms are shown below. New Balance $0.01 to $10.00 $10.01 to $200.00 $200.01 to $250.00 $250.01 to $300.00 $300.01 to $350.00 $350.01 to $400.00 $400.01 to $450.00 $450.01 to $500.00 Over $500.00 Minimum Payment No payment due $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 1/10 of new balance What is the minimum payment due by July 9? O $49.70 O $40.00 O $50.64 O $50.48
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