Multiple Choice
On the October 15 billing date, Jacob had a balance due of $279.71 on his credit card. The transactions during the following month were: October 17 Payment
October 30 Charge: groceries
November 10 Charge: freezer The interest rate on the card is 1.2% per month. Using the average daily balance method, find the
Balance due on November 15 (October has 31 days) .
A) $618.97
B) $619.89
C) $619.08
D) $619.07
Correct Answer:

Verified
Correct Answer:
Verified
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