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2. A particular credit card has an annual interest rate of 25.74% and interest is calculated by the average daily balance met
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Answer #1

Unpaid balance

= Beginning balance + Interest + Purchase - Payment

= $ 1472.35 + ( 1472.35 * 25.74 % ) + ( $ 154.15 + $ 38.76 ) - $ 250

= $ 1472.35 + $ 378.98 + $ 192.91 - $ 250

= $ 2044.24 - $ 250

= $ 1794.24

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