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On the December 8 Billing Date, Hakeem Had a Balance $151.02 \$ 151.02

Question 50

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 $151.02 \$ 151.02
December 12 Payment $107.36 \$ 107.36
January 3 3 \quad Charge: restaurant meal $51.36 \$ 51.36 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

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