Multiple Choice
On the December 8 billing date, Hakeem had a balance due of $532.70 on his credit card. The transactions during the following month were: December 10 Charge : football tickets
December 12 Payment
January Charge: restaurant meal The interest rate on the card is 1.4% per month. Using the average daily balance method, find the
Balance due on January 8 (December has 31 days) .
A) $635.96
B) $635.68
C) $540.94
D) $635.55
Correct Answer:

Verified
Correct Answer:
Verified
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