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 3 years ago
If you received your credit card statement but did not make any payments for 55 days, calculate the daily interest charge for $737.72. The credit card company charges an annual interest of 27.5%.
 3 years ago
If you received your credit card statement but did not make any payments for 55 days, calculate the daily interest charge for $737.72. The credit card company charges an annual interest of 27.5%.

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amistre64
 3 years ago
Best ResponseYou've already chosen the best response.0you keep posting the same question over and over again..... why?

00kirsten
 3 years ago
Best ResponseYou've already chosen the best response.0because no one is answering it! :(

amistre64
 3 years ago
Best ResponseYou've already chosen the best response.0lol .... I suppose thats a technique but.... there is no "formal" help here, we just get to the ones we can :)

amistre64
 3 years ago
Best ResponseYou've already chosen the best response.0now.. I dont quite understand the question.... is it asking what the interest is for 55 days?

amistre64
 3 years ago
Best ResponseYou've already chosen the best response.0should we use simple interest or compound interest

00kirsten
 3 years ago
Best ResponseYou've already chosen the best response.0im not sure. i think its supposed to look something like this 737.72 x 0.275 x 55/265

00kirsten
 3 years ago
Best ResponseYou've already chosen the best response.0sorrry. 737.72 x 0.275 x 55/365

00kirsten
 3 years ago
Best ResponseYou've already chosen the best response.0BUT if u do it this way ....charged interest  55 days the daily interest rate is 27.5 divided by 365 which is 0.0753 55 x 0.0753 = $33.55

00kirsten
 3 years ago
Best ResponseYou've already chosen the best response.0so is it $33.55 or $30.57 .. im confused.... and is that even right?? that seems liek alot for a daily interest charge
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