Business, 01.01.2022 03:50, Carrchris021

Michael has a credit card with an APR of 15. 33%. It computes finance charges using the daily balance method and a 30-day billing cycle. On April 1st, Michael had a balance of $822. 5. Sometime in April, he made a purchase of $77. 19. This was the only purchase he made on this card in April, and he made no payments. If Michaelâ€™s finance charge for April was $10. 71, on which day did he make the purchase? a. April 5th b. April 10th c. April 15th d. April 20th Please select the best answer from the choices provided A B C D.

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Michael has a credit card with an APR of 15. 33%. It computes finance charges using the daily balanc...