How is the finance charge calculated for credit cards? A. APR times Remaining Balance B. APR times Average Daily Balance C. MPR times Remaining Balance D. MPR times Average Dail…

Question

asked Feb 16, 2022 147k views

2 Answers

Dariush Jafari · Answer 1 · 2022-02-17T08:36:15+0000

Answer:

Answer is B I believe

Explanation:

A common way of calculating a finance charge on a credit card is to multiply the average daily balance by the annual percentage rate (APR).