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ayfat23

The three methods of calculating balance charges on credit cards are:

  • previous balance method.
  • average daily balance method (excluding and including newly billed purchases.
  • adjusted balance method.

How can we calculate a credit card balance ?

Calculation of the credit balance can be done generally by dividing  the  average daily balance totals by the total number of days in the billing cycle.

Then the result is then  multiplied by the monthly interest  rate, however all the listed method can as well be used.

Learn more aboutcredit cards at:

https://brainly.com/question/6872962

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