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Henry Garrison starts the month with a balance on his credit card of $1,160. The average daily balance for the month including purchase is $977.
Henry Garrison starts the month with a balance on his credit card of $1,160. The average daily balance for the month including purchase is $977. The average daily balance for the month excluding new purchase is $748. The bank charges 1.7 percent per month and uses the average daily balance including new purchases method. What would Henry's finance charges be for the month?
$14.66 | ||
$13.16 | ||
$16.61 | ||
$14.91 |
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