Math Question
![The balance on a credit card, that charges a \( 20 \% \) APR interest rate, over a 1 month period is given in the following table:
\begin{tabular}{lll}
Days 1-3: & \( \$ 200 \) & (initial balance) \\
Days 4-20: & \( \$ 300 \) & ( \( \$ 100 \) purchase) \\
Days 21-30: \( \$ 150 \) & (\$150 payment) \\
\hline
\end{tabular}
What is the finance charge, on the average daily balance, for this card over this 1 month period?
finance charge \( =\$[?] \)
Round to the nearest hundredth.
Enter](https://d3hlidq5bf9vg0.cloudfront.net/app-server-student/2022/4/11/efaa4e07-8a3e-4204-917d-abb320f5352c.png "The balance on a credit card, that charges a \( 20 \% \) APR interest rate, over a 1 month period is given in the following table:
\begin{tabular}{lll}
Days 1-3: & \( \$ 200 \) & (initial balance) \\
Days 4-20: & \( \$ 300 \) & ( \( \$ 100 \) purchase) \\
Days 21-30: \( \$ 150 \) & (\$150 payment) \\
\hline
\end{tabular}
What is the finance charge, on the average daily balance, for this card over this 1 month period?
finance charge \( =\$[?] \)
Round to the nearest hundredth.
Enter")
Solution
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