Transcribed Image Text: -jasoniabattles@cont x udentFunctions/Interface/acellus_engine.html?ClassID=980092141 K to 12 6 BS Acellus – The Scienc M My Gmail B My Classes S My Drive-Google D.. Average Daily Balance Interest Calculation

Transcribed Image Text: -jasoniabattles@cont x
udentFunctions/Interface/acellus_engine.html?ClassID=980092141
K to 12 6 BS
Acellus – The Scienc
M My Gmail B My Classes
S My Drive-Google D..
Average Daily Balance Interest Calculation
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
$150 (initial balance)
Days 4-20: $200 ($50 purchase)
($150 payment)
Days 1-3:
Days 21-30: $50
is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge $ [?]
Round to the nearest hundredth.
Enter
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