On the January 25 Billing Date, Vivian Had a Balance

question 19

Multiple Choice

On the January 25 billing date, Vivian had a balance due of $315.06 on her credit card. The transactions during the following month were: $\begin{array}{lll}\text { January } 26 & \text { Charge : curtains } & \$ 331 \\\text { January } 27 & \text { Payment } & \$ 132.62 \\\text { February } 16 & \text { Charge: tires } & \$ 206.81\end{array}$ The interest rate on the card is 1.1% per month. Using the average daily balance method, find the
Finance charge on February 25 (January has 31 days) .

• A)$6.23
• B)$6.33
• C)$1.97
• D)$6.28

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Definitions:

Differences

Variations or disparities among individuals, objects, ideas, or phenomena, highlighting diversity or distinction.

Avoid Conflict

The practice or strategy of preventing or minimizing disputes, disagreements, or confrontations.

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A mental attitude focusing on optimism and constructive outcomes, which can influence one's stress level and overall health.

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