Juaan420 Juaan420

18-02-2021
Mathematics

contestada

How is the finance charge calculated for credit cards?

A. APR times Remaining Balance

B. APR times Average Daily Balance

C. MPR times Remaining Balance

D. MPR times Average Daily Balance

Respuesta :

quyenthao111 quyenthao111

18-02-2021

Answer:

A. APR times Remaining Balance

Answer Link

juniebug53429 juniebug53429

18-02-2021

Answer:

Answer is B I believe

Step-by-step explanation:

A common way of calculating a finance charge on a credit card is to multiply the average daily balance by the annual percentage rate (APR).

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