@texaschic101

Mike's credit card has an APR of 9.89% and a grace period of 16 days, and Mike pays his balance in full every month. If his last billing cycle ended on April 25, 2009, and he made his payment on May 13, 2009, 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.
@ganeshie8 @AmTran_Bus

Question

@texaschic101

Mike's credit card has an APR of 9.89% and a grace period of 16 days, and Mike pays his balance in full every month. If his last billing cycle ended on April 25, 2009, and he made his payment on May 13, 2009, 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.
@ganeshie8 @AmTran_Bus

texaschic101 · Answer

April 25, 2009 - May 13,2009 -- 18 days
I think he did owe because he didn't pay within the grace period

you might need to get a second opinion on this

anonymous · Answer

dont u mean a

amtran_bus · Answer

I agree with @texaschick101.  Answer A would be my guess. Notice I said "guess."

anonymous · Answer

A is the right answer. :D