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You have a credit card that charges an interest rate of 10.35% compounded monthly. The table below shows your activity for the month of April.
You have a credit card that charges an interest rate of 10.35% compounded monthly. The table below shows your activity for the month of April. Date April 1 April 4 April 13 April 14 April 24 April 25 April 30 Ending Balance Activity Beginning Balance Purchase Payment Purchase Purchase Purchase Amount 36.90 - 250.00 86.00 12.00 60.80 Balance 1,150.00 1,186.90 936.90 1,022.90 1,034.90 1,095.70 1,095.70 What is the average daily balance for this account? How much interest is owed this month? med How much total money is owed at the end of the month?
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