The average daily balance is $210.39 on a credit card with APR of 13.4% over a billing period of 30 days what will the finance charge be?

asked Nov 14, 2017 218k views

3 votes

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3 votes

Answer:

$2.22

Explanation:

Jamesnvc answered Nov 16, 2017

8.1k points

3 votes

principal = 210.39
APR = 13.4%
billing period = 30 days
finance charge over 30 days
= 210.39*0.134*30/365
= $2.22

Sade answered Nov 20, 2017

by Sade

7.8k points

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