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Jeremy didn't pay his previous months credit card bill in full. This months bill shows a finance charge of $85.50 Jeremy calculate the average daily balance in the new bill to be $5343.75 what is the monthly
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Jeremy didn't pay his previous months credit card bill in full. This months bill shows a finance charge of $85.50 Jeremy calculate the average daily balance in the new bill to be $5343.75 what is the monthly percentage rate on the card?

User PrzemKon
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1 Answer

1 vote
The correct answer is 1.6%
User R KiranKumar
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8.5k points
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