Irene has a credit card that uses the previous balance method. The opening
balance of on...
Mathematics, 06.05.2020 00:12 strawberrymrmr3068
Irene has a credit card that uses the previous balance method. The opening
balance of one of her 30-day billing cycles was $2510, but that was her
balance for only the first 5 days of the billing cycle, because she then paid off
her entire balance and didn't make any new purchases. If her credit card's
APR is 11%, which of these expressions could be used to calculate the
amount Irene was charged in interest for the billing cycle?
Answers: 3
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