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Alexis Monroe, a biologist from Dyersburg, Tennessee, is curious about the accuracy of the interest charges shown on her most recent credit card billing statement.

Alexis Monroe, a biologist from Dyersburg, Tennessee, is curious about the accuracy of the interest charges shown on her most recent credit card billing statement. Use the average daily balances provided to recalculate the interest charges shown on the statement. Round your answers to the nearest cent. Do not round intermediate calculations.

If an amount is zero, enter "0".

Annual Percentage Balances Subject to
Type of Balance Rate (APR) Interest Rate Interest Charge
Purchases 14.95% (V) $513.90 $
Cash Advances 22.13% (V) $252.86 $
Balance Transfers 0.00% $637.50 $
Penalty APR 28.99% $ 0.00 $
(V) = Variable Rate

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Do the Math 7-4 Average Daily Balance Alexis Monroe, a biologist from Dyersburg, Tennessee, is curious about the accuracy of the interest charges shown on her most recent credit card billing statement. Use the average daily balances provided to recalculate the interest charges shown on the statement. Round your answers to the nearest cent. Do not round intermediate calculations. If an amount is zero, enter "O". Type of Balance Interest Charge Purchases Annual Percentage Balances Subject to Rate (APR) Interest Rate 14.95% (V) $513.90 22.13% (V) $252.86 0.00% $637.50 28.99% $ 0.00 Cash Advances Balance Transfers Penalty APR (V) = Variable Rate Do the Math 7-4 Average Daily Balance Alexis Monroe, a biologist from Dyersburg, Tennessee, is curious about the accuracy of the interest charges shown on her most recent credit card billing statement. Use the average daily balances provided to recalculate the interest charges shown on the statement. Round your answers to the nearest cent. Do not round intermediate calculations. If an amount is zero, enter "O". Type of Balance Interest Charge Purchases Annual Percentage Balances Subject to Rate (APR) Interest Rate 14.95% (V) $513.90 22.13% (V) $252.86 0.00% $637.50 28.99% $ 0.00 Cash Advances Balance Transfers Penalty APR (V) = Variable Rate

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