The opening balance of one of the 31-day billing cycles for Clay's credit card was $3300, but after 15 days Clay made a payment of $1900 to decrease his balance, and it stayed the same for the remainder of the billing cycle. If his credit card's APR is 28%, how much more in interest would he pay for the billing cycle with the previous balance method than with the adjusted balance method?

A.

$78.48

B.

$45.18

C.

$33.29

D.

$111.77

Question

The opening balance of one of the 31-day billing cycles for Clay's credit card was $3300, but after 15 days Clay made a payment of $1900 to decrease his balance, and it stayed the same for the remainder of the billing cycle. If his credit card's APR is 28%, how much more in interest would he pay for the billing cycle with the previous balance method than with the adjusted balance method?



 



A.

$78.48




 



B.

$45.18




 



C.

$33.29




 



D.

$111.77