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4 votes
Jerry has a credit card that uses the average daily balance method. For the

first 14 days of one of his billing cycles, his balance was $1050, and for the
last 16 days of the billing cycle, his balance was $1280. If his credit card's
APR is 19%, which of these expressions could be used to calculate the
amount Jerry was charged in interest for the billing cycle?
O A. (1939-30 16• $1050 +14 * $1200)
O B. (1993-3) (16-81050 4:14 - 1200)
O c. (9.12.31)(14281050 16 - 1200)
O D. (019.30 140$1050 + 16 - $1280

User Bpfrd
by
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2 Answers

6 votes

Answer:

(0.19/365*30)(14*$1050+16*$1280/30)

Step-by-step explanation:

User Rop
by
5.9k points
1 vote

Answer: (0.19/366 • 30) (14•$1050+16•$1280/30)

Step-by-step explanation:

User Zecong Hu
by
4.2k points