Business, 01.01.2022 05:10, mariah10455

Patrick has a credit card with an APR of 15. 40% and a billing cycle of 30 days. The following table shows Patrickâ€™s credit card transactions in the month of August. Date Amount ($) Transaction 8/1 1,466. 22 Beginning balance 8/6 28. 48 Purchase 8/9 150. 00 Payment 8/17 115. 75 Payment 8/20 40. 00 Purchase 8/22 31. 76 Purchase How much greater will Patrickâ€™s August finance charge be if his credit card company computes finance charges using the previous balance method than if it computes finance charges using the adjusted balance method? a. $2. 44 b. $3. 41 c. $2. 13 d. $4. 69 Please select the best answer from the choices provided A B C D.

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Patrick has a credit card with an APR of 15. 40% and a billing cycle of 30 days. The following table...