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Hannah has a credit card with an APR of 11. 90% and a billing cycle of 30 days. The following table shows Hannah’s transactions in the month of April. Date Amount ($) Transaction 4/1 322. 95 Beginning balance 4/10 19. 87 Purchase 4/14 50. 00 Payment 4/19 71. 21 Purchase If Hannah’s credit card company calculates finance charges using the daily balance method, what will her April finance charge be? a. $2. 71 b. $3. 20 c. $3. 30 d. $3. 61.
Hannah has a credit card with an APR of 11. 90% and a billing cycle of 30 days. The following table shows Hannah’s transactions in the month of April. Date Amount ($) Transaction 4/1 322. 95 Beginning balance 4/10 19. 87 Purchase 4/14 50. 00 Payment 4/19 71. 21 Purchase If Hannah’s credit card company calculates finance charges using the daily balance method, what will her April finance charge be? a. $2. 71 b. $3. 20 c. $3. 30 d. $3. 61.
Thefinancecharge ofAprilmonth ofHannah'screditcardwhich is calculated bydailybalance method is $3.30.What is finance charge?Thefinancecharge is theamountof the money whichborrowed, including theinterestamount and other fees.The following table showsHannah’s transactionsin the month ofApril.DateAmount($)Transaction4/1 322.95Beginningbalance4/10 19.87Purchase4/14 50.00Payment4/19 71. 21PurchaseAveragebalance in theaccount,Hannah has a credit card with an APR of 11. 90% and a billing cycle of 30 days. Thefinancecharges,Hannah’screditcard company calculatesfinance chargesusing the dailybalancemethod,Thefinancecharge ofAprilmonth ofHannah'screditcardwhich is calculated bydailybalance method is $3.30.Learn more aboutfinance chargeshere;brainly.com/question/4403314...