If a Credit Card Company Has a 30-Day Billing Period,20-Day

question 91

Multiple Choice

If a credit card company has a 30-day billing period,20-day grace period and an interest rate of 20 percent,how much interest will be charged on a $5000 average monthly balance which gets paid 40 days after the due date using the average daily balance method?

• A)$258.90
• B)$115.07
• C)$201.37
• D)$172.60

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Definitions:

Client-Centered

An approach in therapy and counseling that emphasizes the importance of seeing the world from the client's perspective and valuing their autonomy in the therapeutic process.

Client Change

The process by which therapy clients modify their behavior, thoughts, or emotional state as a result of therapeutic interventions.

Interpretations

The act of explaining or making sense of information, words, or actions, often used in therapy to understand underlying meanings.

Absolute Phrasing

The use of words that express total certainty or extremes, without acknowledging nuance or exceptions.