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1 February, 21:24

On the first day of the credit cycle, Pam buys a laptop that costs $500.00. Her APR is 15 percent and her daily percentage rate is 0.04109. When the bill comes, Pam pays $250.00. Which of the following amounts is her average daily balance?

A. $0.43

B. $4.31

C. $43.14

D. $431.45

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Answers (2)
  1. 1 February, 21:44
    0
    B.$4.31 I believe is the correct answer
  2. 1 February, 21:51
    0
    B. $4.31
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