The billing cycle for Mr. Lang’s credit card begins on September 8 and ends on October 7. He is carrying a balance of $458 from the previous billing cycle. During the current billing period, the following transactions occurred. The annual interest rate is 19% (September has 30 days). Find the average daily balance and the finance charge. Post date Description Amount Sept 18 Рayment $35.00 Sept 26 Purchase $125 Oct 3 Purchase $ 84

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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The billing cycle for Mr. Lang’s credit card begins on September 8 and ends on October 7. He is carrying a
balance of $458 from the previous billing cycle. During the current billing period, the following transactions
occurred. The annual interest rate is 19% (September has 30 days). Find the average daily balance and the
finance charge.
Post date
Description
Amount
Sept 18
Рayment
$35.00
Sept 26
Purchase
$125
Oct 3
Purchase
$ 84
Transcribed Image Text:The billing cycle for Mr. Lang’s credit card begins on September 8 and ends on October 7. He is carrying a balance of $458 from the previous billing cycle. During the current billing period, the following transactions occurred. The annual interest rate is 19% (September has 30 days). Find the average daily balance and the finance charge. Post date Description Amount Sept 18 Рayment $35.00 Sept 26 Purchase $125 Oct 3 Purchase $ 84
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