A credit card calculates interest using the average daily balance method. The card charges 19.0% annual interest rate on the average daily balance. The following transactions occurred during the June 1 – June 30 billing period.

The balance at the end of June was $1,910.27, and the interest to be paid on July 1 is $28.20. Find the balance due on July 1. Round to the nearest cent as needed.

Question

A credit card calculates interest using the average daily balance method. The card charges 19.0% annual interest rate on the average daily balance. The following transactions occurred during the June 1 – June 30 billing period.

The balance at the end of June was $1,910.27, and the interest to be paid on July 1 is $28.20. Find the balance due on July 1. Round to the nearest cent as needed.

anonymous · Answer

nevermind just figured it out retarded question

anonymous · Answer

was it is a simple addition problem?

anonymous · Answer

yea

anonymous · Answer

I was just typing out that it looked like a simple addition problem with a bunch of garbage information set up to confuse you haha

anonymous · Answer

Do you just add 1,910.27 and $28.20?

anonymous · Answer

@3456