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Author Question: Kurt borrowed 225 for 18 days on his credit card using a cash advance. His credit company charged a ... (Read 247 times)

sdfghj

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on: Jun 24, 2018
Kurt borrowed 225 for 18 days on his credit card using a cash advance. His credit company charged a cash advance fee of 12 and a daily periodic interest rate of 0.054. What was the total finance charge on the cash advance?

Question 2

Michelle Peterson's credit card statement for the month of December showed a membership fee of 40, a late fee of 15, a finance charge of 11.72, and an over-the-limit fee of 14. What was the total cost of the card to Michelle in December?


pocatato

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Reply #1 on: Jun 24, 2018
Answer to Question 1

14.19

Answer to Question 2

80.72


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