Pregunta
b. What was the APR (Annual Percentage Rate)?
3) Irina’s credit card has and APR of
charge. Her next billing cycle starts today. The billing period is 30 days. Today her balance is
She is only going to use the credit card once this month, to make a
If she put the down payment on the credit card today, what will her daily balance be for each of the 30
days of the billing cycle?
Find her average daily balance for the 30 -day period of she put the down payment on the credit card
today. Round to the nearest cent.
3) Irina’s credit card has and APR of
charge. Her next billing cycle starts today. The billing period is 30 days. Today her balance is
She is only going to use the credit card once this month, to make a
If she put the down payment on the credit card today, what will her daily balance be for each of the 30
days of the billing cycle?
Find her average daily balance for the 30 -day period of she put the down payment on the credit card
today. Round to the nearest cent.
Ask by Campbell Ortega. in the United States
Jan 23,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
Responder
Irina’s daily balance for each of the 30 days is $5,712.04. Her average daily balance for the 30-day period is $5,712.04.
Solución
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Extra Insights
To calculate Irina’s daily balance for the 30 days, we need to break it down in two parts. For the first part of the billing cycle (Day 1), her balance will be the original balance of
So, for days 1 to 30:
- Days 1:
(total: for 1 day) - Days 2 to 30:
(total: )
Now, let’s find the average daily balance:
Rounded to the nearest cent, Irina’s average daily balance for the 30-day period will be $5,547.34.
Remember, the key element here is understanding the balance changes throughout the billing cycle and ensuring accurate calculations for average balances!
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