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What is the balance owing at the end of march

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Reference no: EM133057487

Question - Lucy is charged interest of 19.99% per annum on her credit card.

Lucy withdrew $300 as a cash advance from her credit card. 01-Dec

Lucy received her credit card statement, showing a minimum balance owing of $10, due by January 12. 31-Dec

Lucy paid the minimum balance of $10. 12-Jan

Lucy paid the minimum balance of $10. 12-Feb

Lucy paid the minimum balance of $10 12-Mar

Lucy paid the full balance owing. 01-Apr

Required -

a. Compute the amount of interest charged during the month of December?

b. What is the balance owing at the end of January?

c. What is the balance owing at the end of February?

d. What is the balance owing at the end of March?

Reference no: EM133057487

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