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Maya has an average daily balance of $233.80 on her credit card. her card charges 24 nnual interest. what will her monthly finance charge be?

Respuesta :

Maya has an average daily balance of $233.80 on her credit card. her card charges 24 annual interest. Her monthly finance charge will be $4.68.

A credit card is a payment card that is given to customers so they can pay a merchant for goods and services based on the debt they have accumulated. A credit card is an electronic payment method that can be used for both consumer and commercial transactions, including cash advances and purchases. A credit card typically functions as cash or check substitute and frequently offers an unsecured revolving line of credit. You can use a credit card's available line of credit to make purchases, balance transfers, and/or cash advances, but you must repay the loan's principal at some point.

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