Solve the problem. On the September 1 billing date, Martin had a balance due of $984.01 on his credit card. The transactions during the following month were: September 3 Payment September 9 Charge:...


Solve the problem.<br>On the September 1 billing date, Martin had a balance due of $984.01 on his credit card. The transactions during the following month<br>were:<br>September 3 Payment<br>September 9 Charge: airline ticket $522.16<br>September 22 Charge shoes<br>September 29 Charge: garden tiller SI62.55<br>The interest rate on the card is 1.1% per month. Using the average daily balance method, find the finance charge on October 1 (September<br>has 30 days).<br>S93.09<br>S80.63<br>

Extracted text: Solve the problem. On the September 1 billing date, Martin had a balance due of $984.01 on his credit card. The transactions during the following month were: September 3 Payment September 9 Charge: airline ticket $522.16 September 22 Charge shoes September 29 Charge: garden tiller SI62.55 The interest rate on the card is 1.1% per month. Using the average daily balance method, find the finance charge on October 1 (September has 30 days). S93.09 S80.63

Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here