20 22) Crystal Britt's credit card company charges an APR of 21 percent applied at a...

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20 22) Crystal Britts credit card company charges an APR of 21 percent applied at a monthly periodic rate on the previous ba

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Answer 1

Answer #1

Finance charge for december

Previous balance	$ 398
Add:
New Purchase	$ 342
Fees	$ 55
Less:
Payment	$ 500
Purchase return	$ 57

Closing balance	$ 238

Finance charge	$ 4.16
($237.7121%1/12)

Correct Option: D

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Answer 2

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