Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of June are given to the right. Assume an annual interest rate of​ 18%.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of June are given to the right. Assume an annual interest rate of​ 18%.
 
.....
 
​Month: June​ (30 days); previous​ month's balance:
​$180
 
June 9
Made payment of
​$85
June 11
Charged
​$30
for gasoline
June 14
Charged
​$103
for skis
June 22
Made payment of
​$100
 
 
 
The finance charge is
​$enter your response here.
​(Round to the nearest cent as​ needed.)
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