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27 November, 08:46

Jerry has a credit card that uses the average daily balance method. For the

first 14 days of one of his billing cycles, his balance was $1050, and for the

last 16 days of the billing cycle, his balance was $1280. If his credit card's

APR is 19%, which of these expressions could be used to calculate the

amount Jerry was charged in interest for the billing cycle?

O A. (1939-30 16• $1050 + 14 * $1200)

O B. (1993-3) (16-81050 4:14 - 1200)

O c. (9.12.31) (14281050 16 - 1200)

O D. (019.30 140$1050 + 16 - $1280

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Answers (1)
  1. 27 November, 08:51
    0
    Answer: (0.19/366 • 30) (14•$1050+16•$1280/30)
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