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Calculate the average daily balance and finance charge on the statement below. Note: Round your answers to the nearest cent. 30-day billing cycle 9/16 Billing
Calculate the average daily balance and finance charge on the statement below.
Note: Round your answers to the nearest cent.
30-day billing cycle | ||||
9/16 | Billing date | Previous balance | $ 1,800 | |
9/19 | Payment | $ 58 Credit | ||
9/30 | Charge: Home Depot | 1,400 | ||
10/3 | Payment | 58 Credit | ||
10/7 | Cash advance | 68 |
Finance charge is 1.5% on average daily balance.
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