Your Credit Card Had Balances of $800 for 13 Days,$600

question 22

Multiple Choice

Your credit card had balances of $800 for 13 days,$600 for 5 days,and $650 for 12 days.Assume an annual interest rate of 18 percent,30-day billing cycle and 20-day grace period.How much is the interest charge using the average daily balance method,if the credit card gets paid off five days after the statement due date?

• A)$1.74
• B)$8.71
• C)$12.20
• D)$19.17

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Definitions:

Tetracyclic Drugs

A category of antidepressant medications characterized by their four-ring molecular structure.

Antipsychotic Drugs

Powerful drugs that diminish agitated behavior, reduce tension, decrease hallucinations, improve social behavior, and produce better sleep patterns in individuals with a severe psychological disorder, especially schizophrenia.

Neuroleptics

A class of medications primarily used to treat psychosis, particularly in schizophrenia and bipolar disorder, also known as antipsychotic drugs.

Drug Therapy

The treatment of disease or symptoms with pharmaceutical drugs, aiming at curing, alleviating, or preventing health issues.