DSSTPF.032 Calculate Interest Using an Average Daily Balance
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Skill Level🔴 Hard
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Progress to Next Level25% to Medium
EasyMediumHardMastery100%

Una wants to estimate one month's credit card interest before making a payment plan. The 30-day cycle has balances of $1,020.00 for 5 days; $1,325.00 for 7 days; $1,250.00 for 8 days; $1,115.00 for 10 days. At a 2.15% billing-cycle periodic rate, what is the finance charge?