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Mathematics
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melody has a credit card that uses the previous balance method. The opening balance of one of her 30-day billing cycles was $0, but this was her balance for only the first 15 days of the billing cycle. She then made a purchase that increased her balance to $4800, and her balance stayed this amount for the remainder of the billing cycle. If her credit cards APR is 29%, how much was melody charged in interest for the billing cycle
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