Register
How is the finance charge calculated for credit cards? A. APR times Remaining Balance B. APR times Average Daily Balance C. MPR times Remaining Balance D. MPR times Average Daily Balance
147k views
12 votes
How is the finance charge calculated for credit cards?

A. APR times Remaining Balance

B. APR times Average Daily Balance

C. MPR times Remaining Balance

D. MPR times Average Daily Balance

User Engincan Veske
by
3.0k points

2 Answers

8 votes

Answer:

Answer is B I believe

Explanation:

A common way of calculating a finance charge on a credit card is to multiply the average daily balance by the annual percentage rate (APR).

User Dariush Jafari
by
3.5k points
5 votes

Answer:

A. APR times Remaining Balance

User Thakhani Tharage
by
4.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
WHAT IS 33 TIMES 5 TELL ME THE ANWER
Link Copied!