Question 5
Hint: see problem #2 on 3-7
Daya paid her credit card bill in full in September. Her October bill showed a finance charge, and she
wants to see whether it is correct or not. The average daily balance is $970.50, and the APR is
15.6%.
Since she paid her bill in full in September, what is the finance charge for her October statement?
How much finance charge did she save by paying-her bill in full?
$
SA
2 pts
