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Suppose the one-month billing cycle for a credit card ends on the last day of the month. On which of the following end-of-month dates will the lowest periodic rate be charged?

A. January 31
B. November 30
C. August 31
D. December 31

Respuesta :

B November 30 it has less days

November 30 is the end-of-month date will the lowest periodic rate be charged option (B) is correct.

What is debt?

It is defined as the amount one party needs to pay to another party as the first party borrowed an amount that will be credited by the second party. Debt occurs when one party cannot be able to purchase something under normal circumstances.

We have:

The one-month billing cycle for a credit card ends on the last day of the month.

As we know, the interval between billings for a credit card or other cyclical account is known as the billing cycle.

Thus, November 30 is the end-of-month date will the lowest periodic rate be charged option (B) is correct.

Learn more about the debt here:

brainly.com/question/17286021

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