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 average daily balance for this billing period?

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 6
Uploaded: 2021-12-11T07:27:34-08:00
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 6

          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 average daily balance for this billing period?

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

Total charges = $95 + $235 + $490 = $820 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 average daily balance for this billing period?