Ying borrowed $350 for 60 days from his credit card company using a cash advance. The company charged a daily finance charge of 0.052%. What was Ying's finance charge for t…

Question

asked Feb 13, 2020 38.2k views

1 Answer

Chenelle · Answer 1 · 2020-02-19T02:14:53+0000

Answer:

$10.92

Step-by-step explanation:

Finance charge computation:

($350 x 0.052%) x 60 days = $10.92

Hence he will pay a total of $360.92 being principal($350) and interest($10.92)