On November 1, the balance of a credit card account is $2,835.63. There was a payment of $230.00 made on November 12 as well as a new purchase for $121.36. On November 25, a second payment of $25.00 was made. The

annual interest on the account is 17.65%. Determine the finance charge for the account using both the average daily

balance and the adjusted balance methods. Which method would be more advantageous to the cardholder? Justify

your reasoning. Answer in complete sentences.

The adjusted balance is generally the most advantageous billing method for the cardholder since the financial charges are lower ($39.20 < $40.07). This happens because interest is only charged on the final monthly balance, and cardholders can decrease that balance during any day of the billing cycle.

Step-by-step explanation:

November 1: balance $2,835.63

November 12: $230 payment

November 12: $121.36 purchase

November 25: $25 payment

annual interest 17.65%

average daily  balance = {(11 x $2,835.63) + [13 x ($2,835.63 - $230 + $121.36)] +  [6 x ($2,835.63 - $230 + $121.36 - $25)]} 31 days = ($31,191.93 + $35,450.87 + $16,211.94) / 30 days = $82,854.74 / 30 days = $2,761.82

financial charge = ($2,761.82 x 30 x 17.65%) / 365 = $40.065 ≈ $40.07

adjusted balance = $2,835.63 - $230 + $121.36 - $25 = $2,701.99

financial charge = $2,701.99 x 17.65% x 30/365 = $39.197 ≈ $39.20

answer: e 9, 5.75

step-by-step explanation:

step 1

find the variation ab in the x coordinate

delta x=(x2-x1)=10-> 8 units

find the variation ab  in the y coordinate 

delta y=(y2-y1)=6-> 2 units

step 2

find the coordinates point c

  x coordinate 

cx=ax+delta x*2/> cx=2+8*(2/> cx=3

  y coordinate 

cy=ay+delta y*2/> cy=4+2*(2/> cy=4.25

the coordinates of point c are (3,4.25)

step 3

find the coordinates point d

  x  coordinate 

dx=ax+delta x*4/> dx=2+8*(4/> dx=4

  y  coordinate 

dy=ay+delta y*4/> dy=4+2*(4/> dy=4.5

the coordinates of point d are (4, 4.5)

step 4

find the coordinates point e

  x  coordinate 

ex=ax+delta x*4/> ex=2+8*(6/> ex=5

  y  coordinate 

ey=ay+delta y*4/> ey=4+2*(6/> ey=4.75

the coordinates of point e are (5, 4.75)

step 5

find the coordinates point f

  x  coordinate 

fx=ax+delta x*4/> fx=2+8*(8/> fx=6

  y  coordinate 

fy=ay+delta y*4/> fy=4+2*(8/> fy=5

the coordinates of point f are (6,5)

step 6

find the coordinates point g

  x  coordinate 

gx=ax+delta x*4/> gx=2+8*(10/> gx=7

  y  coordinate 

gy=ay+delta y*4/> gy=4+2*(10/> gy=5.25

the coordinates of point g are (7,5.25)

step 7

find the coordinates point h

  x  coordinate 

hx=ax+delta x*4/> hx=2+8*(12/> hx=8

  y  coordinate 

hy=ay+delta y*4/> hy=4+2*(12/> hy=5.5

the coordinates of point h are (8,5.5)

step 8

find the coordinates point i

  x  coordinate 

ix=ax+delta x*4/> ix=2+8*(14/> ix=9

  y  coordinate 

iy=ay+delta y*4/> iy=4+2*(14/> iy=5.75

the coordinates of point i are (9,5.75)

- r3ktforgood ☕

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step-by-step explanation:

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