Ask Question
2 January, 12:20

Guadalupe's credit card has an APR of 23%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first purchase. Her credit card record for the last 7 months is shown in the table below. How are finance charges calculated?

+5
Answers (1)
  1. 2 January, 13:10
    0
    Previous Balance + new charges - principal paid
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Guadalupe's credit card has an APR of 23%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers