Henry Garrison Starts the Month with a Balance on His

question 67

Multiple Choice

Henry Garrison starts the month with a balance on his credit card of $1,000.The average daily balance for the month including purchase is $883.The average daily balance for the month excluding new purchase is $750.The bank charges 1.5 percent per month and uses the average daily balance including new purchases method.What would Henry's finance charges be for the month?

• A)$7.50
• B)$13.25
• C)$11.25
• D)$15.00
• E)$18.00

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, involving the biological, emotional, social, and cognitive forces that direct action.

Involuntary Clients

Individuals who receive services or participate in programs without their willing consent, often mandated by legal or organizational policies.

Legally Mandated

Legally mandated refers to actions or processes required by law, often enforced by a governing body or legal jurisdiction.

Appropriateness of Services

The degree to which services provided to a client are suitable and relevant to their unique needs and circumstances.