This question is from apex: economics with financial literacy: 7.5.3 quiz ( ! )
trina...
Social Studies, 18.12.2019 22:31, pupucitomarron
This question is from apex: economics with financial literacy: 7.5.3 quiz ( ! )
trina has a credit card that uses the adjusted balance method. for the first 10 days of one of her 30-day billing cycles, her balance was $780, she then made a purchase for %170, so her balance jumped to $950, and it remained that amount for the next 10 days. trina then made a payment of $210, so her balance for the last 10 days of the billing cycle was $740. if her credit card's apr is 17%, which of these expressions could be used to calculate the amount trina was charged in interest for the billing cycle?
(answers: )
a. (0.17/365 (dot) 30) (10 (dot) $780 + 10 (dot) $950 + 10 (dot) $210/30)
b. (0.17/365 (dot) 30) ($570)
c. (0.17/365 (dot) 30) ($780)
d.(0.17/365 (dot) 30) (10 (dot) $780 + 10 (dot) $950 + 10 (dot) $740/30)
Answers: 2
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