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Jason’s credit card has an APR of 17.02% and a 30-day billling cycle. The following table details Jason’s transactions with that card in the month of June. Date Amount ($) Transaction 6/1 746.28 Beginning balance 6/9 140.00 Payment 6/15 28.76 Payment 6/18 69.49 Purchase Between the adjusted balance method and the daily balance method, which method of computing Jason’s June finance charge will result in a greater finance charge, and how much greater will it be?

User Kloe
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2 Answers

3 votes

Answer:

A

Explanation:

User Matthias Bauch
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2 votes

A) The daily balance method will have a finance charge $1.02 greater than the adjusted balance method

User Masato
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