Recovery The balance on a credit card, that charges a 15.5%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5:
$200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
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