Advanced Placement (AP), 17.02.2021 01:00 101shelsyroman
Jeremy didn’t pay his previous month’s credit card bill in full. This month’s bill shows a finance charge of $85.50. Jeremy calculates the average daily balance in the new bill to be $5,343.75. What is the monthly percentage rate on the card?
A.
1.6%
B.
1.92%
C.
16%
D.
19.2%
Answers: 1
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Jeremy didn’t pay his previous month’s credit card bill in full. This month’s bill shows a finance c...
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