What is the monthly finance charge if the average daily balance is $20, the daily periodic rate is 0.04%, and the number of days in the cycle is 30? . a. 12¢. b. 24¢. c. 60¢

Given:
average daily balance: $20
daily periodic rate: 0.04%
number of days in the cycle = 30 days

0.04% ÷ 100% = 0.0004
0.0004 x 20 = 0.008 daily finance charge
0.008 x 30 = 0.24 monthly finance charge

0.24 or B. 24¢

C. i possibility the answer to this

We need more info then that