Question
he table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with
he table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with a balance of $342.57. Date Activity Location A 3. The table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with a balance of $342.57.
Date | Activity | Location | Amount |
04/05 | Payment | Payment | $200.00 |
04/15 | Charge | Gas | $26.37 |
04/22 | Charge | Macys | $105.42 |
04/25 | Charge | Starbucks | $4.24 |
a. Find the average daily balance.
b. If her card charges an 18.5% annual interest rate on her average daily balance, calculate Miss Pepper Mills finance charge for the month of April. formula I=Prt
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