Maya’s credit card has an APR of 11.84% and a billing cycle of 30 days. The table below shows her transactions with that credit card in the month of September. Date
Amount ($)
Transaction
9/1
395.61
Beginning balance
9/8
24.13
Purchase
9/13
68.57
Payment
9/26
31.77
Purchase

Find Maya’s finance charge for September using the previous balance method, the adjusted balance method, and the daily balance method. Among those three possible finance charges, what is the value of the one which is neither lowest nor highest?
a.
$3.79
b.
$3.90
c.
$3.68
d.
$4.45

ANSWER IS C