Dennis has a credit card with an apr of 10.14% and a billing cycle of 30 days. the following table shows his transactions with that credit card in the month of november. date amount ($) transaction 11/1 517.87 beginning balance 11/9 31.63 purchase 11/23 64.10 purchase 11/26 65.75 payment if the finance charge for november is $3.82, which method of calculating the finance charge does dennis’s credit card company use? a. adjusted balance method b. previous balance method c. daily balance method d. there is not enough information to determine which method was used
Dennis Has A Credit Card With An Apr Of 10.14% And A Billing Cycle Of 30 Days. The Following Table Shows His Transactions With That Credit Card In The Month Of November. Date Amount ($) Transaction 11/1 517.87 Beginning Balance 11/9 31.63 Purchase 11/23 64.10 Purchase 11/26 65.75 Payment If The Finance Charge For November Is $3.82, Which Method Of Calculating The Finance Charge Does Dennis’s Credit Card Company Use? A. Adjusted Balance Method B. Previous Balance Method C. Daily Balance Method D. There Is Not Enough Information To Determine Which Method Was Used
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Dennis Has A Credit Card With An Apr Of 10.14% And A Billing Cycle Of 30 Days. The Following Table Shows His Transactions With That Credit Card In The Month Of November. Date Amount ($) Transaction 11/1 517.87 Beginning Balance 11/9 31.63 Purchase 11/23 64.10 Purchase 11/26 65.75 Payment If The Finance Charge For November Is $3.82, Which Method Of Calculating The Finance Charge Does Dennis’s Credit Card Company Use? A. Adjusted Balance Method B. Previous Balance Method C. Daily Balance Method D. There Is Not Enough Information To Determine Which Method Was Used. The following table shows his transactions with that credit card in the month of november. Calculate the finance charge using the daily balance method.
What Is a Credit Card Billing Cycle? from www.thebalancemoney.com
The following table shows his transactions with that credit card in the month of november. Date amount ($) transaction 11/1 517.87 beginning balance 11/9 31.63 purchase. To determine which method of calculating the finance charge dennis's credit card company uses, we need to calculate the finance charge using each of the three common.
The Following Table Shows His Transactions With That Credit Card In The Month Of November.
The following table shows his transactions with that credit card in the month of november. If the finance charge for november is $3.82, which method of calculating the finance charge does dennis’s credit card company use? What is the adjusted balance method?
To Determine Which Method Of Calculating The Finance Charge Dennis's Credit Card Company Uses, We Need To Calculate The Finance Charge Using Each Of The Three Common.
Compare the calculated finance charges with the given finance charge ($3.82) to determine. The **method **employed by the credit card **company **is the adjusted balance method, the **correct option **is a. The following table shows his transactions with that credit card in the month of november.
If The Finance Charge For.
Dennis has a credit card with an apr of 10.14% and a billing cycle of 30 days. If the finance charge for. The following table shows his transactions with that credit card in the month of november.
Calculate The Finance Charge Using The Daily Balance Method.
If the finance charge for november is $3.82, which method of calculating the finance charge does. Date amount ($) transaction 11/1 517.87 beginning balance 11/9 31.63 purchase. Dennis has a credit card with an apr of 10.14% and a billing cycle of 30 days.