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Adam’s credit card calculates finance charges using the adjusted balance method and a 30-day billing cycle. The table below shows his use of that credit card over three months. Date Amount ($) Transaction 4/1 626.45 Beginning balance 4/10 37.41 Purchase 4/12 44.50 Purchase 5/3 65.50 Payment 5/16 24.89 Purchase 5/20 104.77 Payment 6/6 23.60 Payment 6/10 15.00 Purchase 6/14 51.85 Purchase If Adam’s credit card has an APR of 14.63%, what is Adam’s balance at the end of June? a. $629.42 b. $629.66 c. $627.27 d. $628.40

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Answer:

C $627.27 is correct on quizlet too

From the complete question, it should be noted that with the APR given, Adam's balance at the end of June will be C. $627.27.

What is APR?

It should be noted that the annual percentage rate simply refers to the annual cost of a loan to a borrower.

It should be noted that the APR is expressed in percentage. In this situation, from the complete question, Adam’s credit card has an APR of 14.63%, therefore Adam’s balance at the end of June is $627.27.

Learn more about APR on:

https://brainly.com/question/2772156

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