Helen's credit card has an APR of 15.32% and a grace period of 17 days, and Helen pays her balance in full every month. If her last billing cycle ended on September 26, 2009, and she made her payment on October 11, 2009, did she owe any interest on her last statement's balance?

A.
Yes, because she didn't pay within the grace period.

B.
Yes, because she paid within the grace periods

C.
No, because she paid within the grace period.

D.
No, because she didn't pay within the grace period.

Question

Helen's credit card has an APR of 15.32% and a grace period of 17 days, and Helen pays her balance in full every month. If her last billing cycle ended on September 26, 2009, and she made her payment on October 11, 2009, did she owe any interest on her last statement's balance?

A.
Yes, because she didn't pay within the grace period.

B.
Yes, because she paid within the grace periods

C.
No, because she paid within the grace period.

D.
No, because she didn't pay within the grace period.

anonymous · Answer

@ganeshie8