Math

Imagine that you have the following credit card statement for the period ending 9-25-20. You credit card's APR is 24%.

Range Balance (purchases/payments #days
8/26 to 8/30 $3000 5
8/31 to 9/11 $3147.58 12
9/12 to 9/18 $3197.58 7
9/19 to 9/21 $3298.64 3
9/22 to 9/25 $3098.64 4

what is the average daily balance for 8/26 to 9/25 billing statements
What is the interest change on the 8/26 to 9/25 billing statement
What will be the new balance on the 9-35 billing statement

Show all work

Help me out, this is super confusing and I can't seem to figure it out.

  1. 👍
  2. 👎
  3. 👁

Respond to this Question

First Name

Your Response

Similar Questions

  1. Advanced Algebra

    The table summarizes the credit card debt Michael currently holds. Use this table to answer the question that follows. Credit Card Balance APR Minimum Payment Total Interest Paid Number of Months to Pay off Home Improvement Card

  2. consumer math

    1. Which of the following is an advantage of using credit cards? (Points : 1) Credit card accounts charge monthly interest. It is very easy to charge more than you can pay off each month. If you pay late, you will be charged a

  3. math

    On a vacation in cananda steve used his credit card to buy a camera for Can $250.00 trinirose: What is the value of the camera in Ja $. a)I know the asnwer is $18,125 Ja dollars b)steve has a credit limit of Ja $30,000.00.After

  4. banking

    If 6 percent of all credit card charges never get paid, and total credit card charges last year were $750 billion, what was the total amount of unpaid credit card charges last year?

  1. algebra

    i need help writing this out.. You have a credit card with a balance of $754.43 at a 13.6% APR. You have $300.00 available each month to save or pay down your debts. a. How many months will it take to pay off the credit card if

  2. economics

    What are the advantages and disadvantages of using a credit card? The good: Don't need to cary cash. Can buy needed goods on credit when you otherwise wouldn't be able to. The bad: Usually you pay high interest until the balance

  3. Math

    David would like to buy a laptop computer and save 20 percent during sale. He uses his credit card to pay for it. David is counting on getting a lot of money in graduation presents from his parents' business associates. David

  4. consumer math

    You owe $1,350.00 on a credit card with a 14.25% APR. You pay $300.00 at the beginning of the month. How much interest do you save by paying at the beginning of the month versus at the end of the month? second part: Imagine you

  1. Computer science

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging

  2. MATH

    You have a credit card that has a balance of $3,589.90 and a credit limit of $5,000. If you have a good credit rating OF 5.90%, how much must you pay at the end of the month to get the balance to the acceptable debt ratio

  3. finanance

    2. You charged $ 1,000 on your credit card for Christmas presents. Your credit card company charges you 16 % annual interest, compounded monthly. If you make the minimum payments of $25 per month, how long will it take [to the

  4. statistics

    According to an estimate, 50% of the people in America have at least one credit card. If a random sample of 30 persons is selected, what is the probability that at most 18 of them will have at least one credit card?

You can view more similar questions or ask a new question.