Question

@ganeshie8 @Euler271

The way the bank determines the balance on which to calculate your interest is known as _____.

A. annual percentage rate
B. method of computing balance
C. minimum monthly payment
D. minimum finance charge

Answer 1

Its called \(\large \text{method of computing balance}\), there wll be some methods under this which each bank follows.

Options A, C, D are just terms referring to number constants. Theyr're not any methods as such