@John_ES

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

i believe its a

Question

@John_ES 

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.	No, because he paid within the grace period.
 		C.	Yes, because he paid within the grace period.
 		D.	No, because he didn't pay within the grace period.

i believe its a

amtran_bus · Answer

Hey, I saw this ? earlier today!

john_es · Answer

I would choose A, because he paid after the grace period expired.

amtran_bus · Answer

@divagirl421 , what type class are you taking?