The table below shows the activity on Zuliemia's credit card for the month of August. She started the month with a balance of $342.25, and her credit card charges 18.5% interest. Use the Average Daily Balance method to calculate her finance charges for the month of August.

August 5-Payment-$200
August 15-Charge(gas)-$26.37
August 22-Charge(Macy's)-$105.42
August 25-Charge(coffee)-$4.24

Question

The table below shows the activity on Zuliemia's credit card for the month of August. She started the month with a balance of $342.25, and her credit card charges 18.5% interest. Use the Average Daily Balance method to calculate her finance charges for the month of August.

August 5-Payment-$200
August 15-Charge(gas)-$26.37
August 22-Charge(Macy's)-$105.42
August 25-Charge(coffee)-$4.24

koikkara · Answer

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