Business, 19.03.2021 19:20 ashvinmsingh

Sally’s balance on her credit card is $75.00 on the first day of August. She makes a payment of $18.00 on August 17 and a new purchase of $41.00 on August 29. The annual interest rate is 21.25%. What is Sally’s average daily balance and finance charge for the month of August? average daily balance: $69.33, finance charge: $1.21
average daily balance: $69.33, finance charge: $1.23
average daily balance: $70.26, finance charge: $1.24
average daily balance: $70.26, finance charge: $1.27

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Sally’s balance on her credit card is $75.00 on the first day of August. She makes a payment of $18....

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