Amanda's Credit Card Statement Showed These Transactions During December

question 108

Multiple Choice

Amanda's credit card statement showed these transactions during December. The interest rate is 12% per month on the average daily balance. Find the average daily balance, the
Finance charge for the month, and the new balance on January 1. [Hint: Remember that December
Has 31 days.]

• A)Average daily balance = $311.98; finance charge = $37.44; new balance = $421.46
• B)Average daily balance = $314.77; finance charge = $37.77; new balance = $421.79
• C)Average daily balance = $302.36; finance charge = $36.28; new balance = $420.30
• D)Average daily balance = $329.12; finance charge = $39.49; new balance = $423.51

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Definitions:

Autonomy

The degree to which a job provides an employee with the discretion and independence to schedule their work and determine how it is done.

Perceptual/motor Approach

A method focusing on understanding and improving the coordination of sensory perception and motor skills.

Gross Motor Skills

The abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.

Technical Work

Involves tasks that require specialized skills, knowledge, and training in fields such as engineering, IT, and science.