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Your credit card charges 21% interest, compounded monthly. Here is your activity for October, 2018. (It was not a leap year) What is the service
Your credit card charges 21% interest, compounded monthly. Here is your activity for October, 2018. (It was not a leap year)
- What is the service charge if your credit card uses ending balance method?
| Date | Amount | Balance | Days |
Start of October |
|
| 300 |
|
Charge | 10/4 | 80 |
|
|
Payment | 10/7 | 300 |
|
|
Charge | 10/20 | 20 |
|
|
Charge | 10/31 | 10 |
|
|
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