fiances

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.
\$500 balance, 17%, \$50 payment

previous balance method, adjusted balance method and average daily balance method?
Can you just tell me where to start please?

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1. I don't see what this has to do with being engaged.

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2. I see that you start w/ this formula. i=prt I got it thanks though.
so the previous is 500 (.17)(1/12)=
\$7.08
and adjusted would be 500-50= 450(.17)(1/12)=\$6.38
however the last one I cant get...I guess I'll figure it out

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