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Lucy is charged interest of 19.99% per annum on her credit card CLR 9 L10 Obj. 4 Date Lucy withdrew $300 as a cash advance

 Lucy is charged interest of 19.99% per annum on her credit card

CLR 9

L10 Obj. 4

 

Date

 

Lucy withdrew $300 as a cash advance from her credit card.

01-Dec

 

Lucy received her credit card statement, showing a minimum balance owing of $10, due by January 12

31-Dec

 

Lucy paid the minimum balance of $10

12-Jan

 

Lucy paid the minimum balance of $10

12-Feb

 

Lucy paid the minimum balance of $10

12-Mar

 

Lucy paid the full balance owing

01-Apr

 

a.       Compute the amount of interest charged during the month of December

b.       What is the balance owing at the end of January?

c.       What is the balance owing at the end of February?

d.       What is the balance owing at the end of March?

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