Posted by **apryl** on Tuesday, August 23, 2011 at 4:56pm.

Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365 days in a year. (Round your answer to the nearest cent.)

$3,000 balance, 21% rate, $1,500 payment, previous balance method

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**Anonymous**, Sunday, February 5, 2012 at 2:53pm
$3,000 balance, 21% rate, $1,500 payment, average daily balance method

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**DEE**, Saturday, February 25, 2012 at 5:26pm
Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Assume 365 days in a year. (Round your answer to the nearest cent.)

$3,000 balance, 21% rate, $1,500 payment, average daily balance method

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**Anonymous**, Tuesday, March 13, 2012 at 8:17pm
Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. (Round your answer to the nearest cent.)

$500 balance, 20% rate, $50 payment, previous balance method

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**Brian**, Wednesday, April 25, 2012 at 8:56am
7.67

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**Brian**, Wednesday, April 25, 2012 at 9:05am
7.67 is for the $500 balance, 20% rate, $50 payment, average daily balance method

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**jiskha**, Sunday, April 29, 2012 at 3:42pm
this site is a piece of trash

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**NJ**, Friday, November 21, 2014 at 4:52pm
Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.)

$200 balance, 14%, $50 payment

(a) previous balance method

$ Incorrect: Your answer is incorrect.

(b) adjusted balance method

$ Incorrect: Your answer is incorrect.

(c) average daily balance method

$

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