Jeremiah's credit card has an apr of 22% calculated on the previous monthly
balance. his credit card record for the last 7 months is shown in the table
below.
end of
month
own
previous
balance
$0.00
$255.87
$297.39
$319.80
$318.72
$531.98
$460.64
new
charges
$255.87
$156.83
$96.96
$133.05
$267 42
$78.91
$301.48
payment
received
$0.00
$120.00
$80.00
$140.00
$60.00
$160.00
$220.00
finance
charges
$0.00
$4.69
$5.45
$5.86
$5.84
$9.75
$8.45
principal
paid
$0.00
$115.31
$74.55
$134.14
$54.16
$150.25
$211.55
new
balance
$255.87
$297.39
$319.80
$318.72
$531.98
$460.64
$550.57
on what amount of money will jeremiah be charged interest for month 8?
o
o
o
a. $301.48
b. $550 57
c. $460.64
o
d. $220.00