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On the first day of the credit cycle, Pam buys a laptop that costs $500.00. Her APR is 15 percent and her daily percentage rate is 0.04109. When the bill comes, Pam pays $250.00. Which of the following amounts is her average daily balance?

A. $0.43
B. $4.31
C. $43.14
D. $431.45

2 Answers

3 votes
B.$4.31 I believe is the correct answer
User Manish Khandelwal
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5.0k points
3 votes

Answer:

B. $4.31

Explanation:

User Tdedecko
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5.5k points