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OpenStudy (anonymous):
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.
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OpenStudy (anonymous):
OpenStudy (anonymous):
PLEASE HELP ME
OpenStudy (tkhunny):
You just have to count! June 1-5: $2,653.49 6-7: $2,653.49 - $1,300.00 = $1,353.49 8: $1353.49 + $34.38 = $1,387.87 and so forth. Then add up EACH DAY and divide by the number of days.
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