The balance on Ramon Felipe\'s credit card on January 12, his billing date, was

Question

The balance on Ramon Felipe's credit card on January 12, his billing date, was $264.97. For the period ending February 12. Ramon had the following transactions to the right. Find the average daily balance for the billing period. Find the finance charge to be paid on February 12. Assume an interest rate of 1.2% per month. Find the balance due on February 12. The average daily balance for the billing period was $| |. (Round to the nearest cent as needed The finance charge to be paid on February 12 is $| |. (Round to the nearest cent as needed The balance due on February 12 is $| (Round to the nearest cent as needed

Explanation / Answer

a)

Average daily balence is 80.97

b)

The finance charge to be paid on feb 12 is 5.72

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