Multiple Choice
If a credit card company has a 30-day billing period,20-day grace period and an interest rate of 20 percent,how much interest will be charged on a $5000 average monthly balance which gets paid 40 days after the due date using the average daily balance method?
A) $258.90
B) $115.07
C) $201.37
D) $172.60
Correct Answer:
Verified
Correct Answer:
Verified
Q44: Posing as an employee of a financial
Q86: The greatest benefit of student loans is
Q87: The credit bureaus will have approximately the
Q88: Which of the following is a typical
Q90: Which of the following statements is true
Q92: Making extra payments on a loan<br>A)reduces the
Q93: In evaluating a borrower's creditworthiness,income and expenses
Q94: Your credit report indicates your spouse's personal
Q95: Incorporating the use of credit into your
Q96: Identity theft is only conducted by individuals