Dane's credit card has an APR of 16%, calculated on the previous monthly
balance. His credit card record for the last 7 months is shown in the table
below
End of Previous New Payment Finance Principal New
month balance charges received charges paid
balance
$0.00 $302.00 $0.00
$0.00
$0.00
$302.00
$302.00 $229.00 $289.01 $4.03 $284.98 $246.02
$24602 $19.00 $144.98 $3.28 $141.70 $123.32
$123.32 $47.00 $58,47 $1.64 $56.83 $113.49
$113.49 $83.00 $89.65 $1.51 $88.14 $108.35
$108.35 $148.00 $37.09 $1.44 $35.65 $220.71
$220.71 $193.00 $133.34 $2.94 $130.40 $283.31
On what amount of money will Dane be charged interest for month 8?
