Question

Vincent had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 19.2 ________.

Answer 1

The missing word in the question is 'APR', which stands for Annual Percentage Rate. To calculate the finance charge, you would need to know the APR and the average daily balance of the credit card.

Step-by-step explanation:

The missing word in the question is 'APR', which stands for Annual Percentage Rate. The question is asking for the APR on Vincent's credit card. It is stated in the context that he did not pay his card in full the previous month, which means there will be a finance charge. However, the specific APR value is not provided in the question, so we cannot determine the exact rate. To calculate the finance charge, you would need to know the APR and the average daily balance of the credit card.