82.8k views
1 vote
Dennis has a credit card with an APR of 13.09% and a billing cycle of 30 days. The following table shows his transactions with that credit card in the month of November.

If the finance charge for November is $4.93, which method of calculating the finance charge does Dennis’s credit card company use?

Dennis has a credit card with an APR of 13.09% and a billing cycle of 30 days. The-example-1
User Amit Merin
by
6.3k points

1 Answer

6 votes

Answer:

previous questions have been asked using this same question

Explanation:

A.) adjusted balance method

User Mitiku
by
7.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.