A credit card company uses the average daily balance method to calculate its finance charges.

A credit card company uses the average daily balance method to calculate its finance charges. Find the finance charge for the month of August​ (31 days) if the average daily balance for August is ​$247.10. The annual interest rate is​ 18%.

July 31 – Balance​$230

August 10 – Charge ​$74

August 16 – Payment $190

August 21 – Charge ​$174

August 30 – Charge $14

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!":

Get started