23
QuizMultiple Choice

Topic Test

Question 23 • FowU - Financial Math - B

Ruth’s credit card has an APR of 10.91%, and it computes finance charges using the previous balance method on a 30-day billing cycle. During the April billing cycle, she made a $45.17 payment on April 10th and a $88.34 purchase on April 17th. Her total at the start of May was $847.64. What was her balance at the beginning of April?

Answer
A
$890.91
B
$797.16
C
$796.87
D
$804.47
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