Question

@ganeshie8

Carlos's credit card has an APR of 14.78% and a grace period of 18 days, and Carlos pays his balance in full every month. If his last billing cycle ended on March 28, 2010, and he made his payment on April 13, 2010, did he owe any interest on his last statement's balance?

A. Yes, because he didn't pay within the grace period.
B. Yes, because he paid within the grace period.
C. No, because he paid within the grace period.
D. No, because he didn't pay within the grace period.

Answer 1

Was it 18 days from march 28th to april 13th?

Answer 2

what?

Answer 3

My guess, guess, is that it was within the grace period of 18 days, that is, march 28th to april 13th is not 18 days.

Answer 4

So answer choice C?

Answer 5

yes it was correct

Answer 6

Nice!

Answer 7

APEX: No, because he paid within the grace period. ~~~ EDDIE DARK CONFIRMED YO! ;)