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Poindexter has a credit card that uses the average daily balance method. For the first 15 days of a 31-day billing cycle, his balance was $2110, but then he paid off his entire balance and didn't make any new purchases. If his credit card's APR is 26%, how much was Poindexter charged in interest for the billing cycle?

 

A. $22.55

 

B. $0

 

C.$46.59

 

D.$24.05

 Mar 8, 2019
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15/365 * .26 * 2110 = 22.5452054794520548  ~~ $22.55

 Mar 8, 2019

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