On the April 25 Billing Date, Malcolm Had a Balance

question 188

Multiple Choice

On the April 25 billing date, Malcolm had a balance due of $1621.44 on his credit card. The transactions during the following month were: $$\begin{array} { l l r } \text { April } 26 &\text { Payment } & \$ 173.60 \\\text { April } 30 & \text { Charge: lawnmower } & \$ 320.88 \\\text { May } 3 & \text { Charge: gift } & \$ 79.89 \\\text { May } 7 & \text { Charge: furniture } & \$ 519.76\end{array}$$ The interest rate on the card is 1% per month. Using the average daily balance method, find the
Balance due on May 25 (April has 30 days) .

• A)$1642.35
• B)$2389.28
• C)$2389.83
• D)$2384.58

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Self-fulfillment

The achievement of one's own potential or desires, resulting in personal satisfaction and happiness.

Self-awareness

An individual's recognition of their own personality, feelings, intentions, and longings.

Active Listening

A communication technique used in counseling, training, and conflict resolution, where the listener fully concentrates, understands, responds, and then remembers what is being said.

Client-centered Therapy

A psychotherapeutic approach developed by Carl Rogers emphasizing an empathetic, accepting environment that fosters self-awareness and personal growth.