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Find the finance charge on the march ten bill

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Reference no: EM132931936

Problem 1: An unpaid credit card bill for $878.25 had a due date of February 10. Purchases of $185.67 were made on February 15, $404.56 on February 16, $11.80 on February 18, and $63.21 was charged on February 25. A payment of $375 was made on March 2. The annual interest on the average daily balance is 18.8%. Find the finance charge (in dollars) on the March 10 bill. Assume it is a non-leap year. (Round your answer to the nearest cent.)

Reference no: EM132931936

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