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Your credit card charges 20% interest and the billing cycle starts on the 1st. The table below shows the beginning balance, charges and payments to
- Your credit card charges 20% interest and the billing cycle starts on the 1st. The table below shows the beginning balance, charges and payments to the credit card. Your card uses the unpaid balance method. Fill out the chart and then determine the service charge for the month of July.
Balance from end of June | 200 | |
Charge July 4 | 300 | |
Payment July 16 | 400 | |
Charge July 20 | 100 |
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