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Author Question: On June 12, 2013, Frank James opened a low interest line of credit at his bank, with interest at ... (Read 118 times)

fox

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Question 1

Daniel's credit card statement last month showed $560 in cash advances and $5.25 in interest charges. The interest rate on the statement was 18.8%. For how many days was Daniel charged interest?

Question 2

On June 12, 2013, Frank James opened a low interest line of credit at his bank, with interest at 4.5% p.a. He used this line of credit immediately to pay $5300 of the tuition fee. On what date did Frank James honour the line of credit if he ended up paying $186.20 in interest?


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Marked as best answer by fox on Jun 6, 2019

atrochim

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