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MATHEMATICS IN THE MODERN WORLD PART A. After the due date on Sept. 4, Ashley made the following transactions using her credit card Sept. 6
MATHEMATICS IN THE MODERN WORLD
PART A. After the due date on Sept. 4, Ashley made the following transactions using her credit card Sept. 6 bought washing machine worth 5,500 pesos Sept. 8 used it to pay school fees worth 6,200 pesos Sept. 13 paid 2,500 pesos Sept. 16 paid 1,000pesos Sept. 21 used it to pay insurance worth 9,500 pesos Sept. 30 paid 5,000 pesos The next billing date is Oct.4. The interest on the average daily balance is 1%. a) (20 pts)Construct a table of transactions (complete) b) (3 pts)What is the average daily balance c) (2 pts)compute for the finance charge PART A. After the due date on Sept. 4, Ashley made the following transactions using her credit card Sept. 6 bought washing machine worth 5,500 pesos Sept. 8 used it to pay school fees worth 6,200 pesos Sept. 13 paid 2,500 pesos Sept. 16 paid 1,000pesos Sept. 21 used it to pay insurance worth 9,500 pesos Sept. 30 paid 5,000 pesos The next billing date is Oct.4. The interest on the average daily balance is 1%. a) (20 pts)Construct a table of transactions (complete) b) (3 pts)What is the average daily balance c) (2 pts)compute for the finance chargeStep by Step Solution
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