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On the October 15 billing date, Jacob had a balance due of $215.01 on his credit card. The transactions during the following month were: October
On the October 15 billing date, Jacob had a balance due of $215.01 on his credit card. The transactions during the following month were: October 17 Payment $24.96 October 30 Charge: groceries $67.85 November 10 Charge: freezer $255.33 The interest rate on the card is 1.2% per month. Using the average daily balance method, find the balance due on November 15 (October has 31 days). O A. $517.09 O B. $516.35 OC. $516.44 OD. $516.43
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