Question

The average daily balance is $210.39 on a credit card with APR of 13.4% over a billing period of 30 days what will the finance charge be?

Answer 1

principal = 210.39
APR = 13.4%
billing period = 30 days
finance charge over 30 days
= 210.39*0.134*30/365
= $2.22

Answer 2

Answer:

$2.22

Step-by-step explanation: