Lauras credit card has an APR of 12.04%, and it computes finance charges using the daily balance

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Lauras credit card has an APR of 12.04%, and it computes finance charges using the daily balance method and a 30-day billing cycle. On June 1st, Laura had a balance of $606.40. She made exactly one transaction in June: a payment of $55.25. If Lauras finance charge for June was $5.71, on which day did she make the payment?

a.	June 8th
b.	June 12th
c.	June 15th
d.	June 20th

Posted Date: Jun 07, 2024 08:07 PM

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Lauras credit card has an APR of 12.04%, and it computes finance charges using the daily balance

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