Question

I have a credit card whose billing period begins on the 9th day of every month. On January 9th my balance was $853. I made the following charges: $95 on Jan 11, $235 on Jan 18, and $490 on Jan 30. I paid $500 on Jan 20. My card's interest rate is 19%. What will be the total balance on my Feb 9th statement?" What is the total of the Days*Balance column?

Name: i have a credit card whose billing period begins on the 9th day of every month on january 9th my balance was 853 i made the following charges 95 on jan 11 235 on jan 18 and 490 on jan 30 i paid 500 5
Uploaded: 2021-12-11T07:22:03-08:00
Duration: 6 min 38 s
Channel: Yuva S
Description: i have a credit card whose billing period begins on the 9th day of every month on january 9th my balance was 853 i made the following charges 95 on jan 11 235 on jan 18 and 490 on jan 30 i paid 500 5

          I have a credit card whose billing period begins on the 9th day of every month. On January 9th my balance was $853. I made the following charges: $95 on Jan 11, $235 on Jan 18, and $490 on Jan 30. I paid $500 on Jan 20. My card's interest rate is 19%. What will be the total balance on my Feb 9th statement?"

What is the total of the Days*Balance column?

Added by Joiann K.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Yuva S

12/11/2021

Step 1

Step 1: Calculate the total balance for each period: - 9th to 11th January: $853 * 3 days = $2559 - 12th to 18th January: $948 * 7 days = $6636 - 19th to 20th January: $1183 * 2 days = $2366 - 21st to 30th January: $683 * 10 days = $6830 - 31st January to 8th Show more…

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I have a credit card whose billing period begins on the 9th day of every month. On January 9th my balance was $853. I made the following charges: $95 on Jan 11, $235 on Jan 18, and $490 on Jan 30. I paid $500 on Jan 20. My card's interest rate is 19%. What will be the total balance on my Feb 9th statement?" What is the total of the Days*Balance column?