Walter has a credit card that uses the average daily balance method. For the first 15 days of a 31-day billing cycle, his balance was $1440, but then he paid off his entire balance and didn't make any new purchases. If his credit card's APR is 22%, how much was Walter charged in interest for the billing cycle?

A. $26.91
B. $13.89
C. $0
D. $13.02

Question

Walter has a credit card that uses the average daily balance method. For the first 15 days of a 31-day billing cycle, his balance was $1440, but then he paid off his entire balance and didn't make any new purchases. If his credit card's APR is 22%, how much was Walter charged in interest for the billing cycle?

 		A.	$26.91
 		B.	$13.89
 		C.	$0
 		D.	$13.02

anonymous · Answer

same as last?

anonymous · Answer

i cant debate between b. and d.

anonymous · Answer

thank you!

anonymous · Answer

APEX: $13.02 ~~~ EDDIE DARK CONFIRMED YO! ;) Note: This might be worth a look at... http://ftpmirror.your.org/pub/wikimedia/images/wikipedia/commons/0/0b/Guide_of_whetevert_2.pdf