Use the average daily balance method to compute the finance charge on the credit card for the given month. Month: April (30 days) Previous month's balance: $960 Interest rate: 21% Date April 3 April 12 April 21 April 29 Transaction Charged $100 for phone bill Made payment of $390 Paid $85 for electricity bill Returned coffee maker worth $68 Round to the nearest cent. (Type the number with no comma or dollar sign. For example: 25634.10)
Use the average daily balance method to compute the finance charge on the credit card for the given month. Month: April (30 days) Previous month's balance: $960 Interest rate: 21% Date April 3 April 12 April 21 April 29 Transaction Charged $100 for phone bill Made payment of $390 Paid $85 for electricity bill Returned coffee maker worth $68 Round to the nearest cent. (Type the number with no comma or dollar sign. For example: 25634.10)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Use the average daily balance method to compute the finance charge on the credit card for the
given month.
Month: April (30 days)
Previous month's balance: $960
Interest rate: 21%
Date
April 3
April 12
April 21
April 29
Transaction
Charged $100 for phone bill
Made payment of $390
Paid $85 for electricity bill
Returned coffee maker worth $68
Round to the nearest cent.
(Type the number with no comma or dollar sign. For example: 25634.10)
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