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shepherd shepherd
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8 years ago
You have a credit card on which your beginning balance for the month was $400. On the 10th of the month you took out a cash advance of $500. During the month you made purchases of $250. Assuming that the interest rate on purchases is 15% (1.25% per month), cash advances is 18% (1.5% per month), and there is a 1% fee on all cash advances, what would you have to pay to pay off your account if your due date is the 30th of the month.
A) $1,305.00      B) $1,222.50      C) $1,165.00      D) $1,342.50
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Personal Finance

Personal Finance


Edition: 5th
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tityltityl
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shepherd Author
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#2
8 years ago
Thank you, this is brilliant Smiling Face with Open Mouth
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#3
8 years ago
My pleasure
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