Carlos’s credit card has an APR of 14.78% and a grace period of 18 days, and Carlos pays his balance in full every month. If his last billing cycle ended on March 28, 2010, and he made his payment on April 13, 2010, did he owe any interest on his last statement’s balance?

Students were asked to answer a question at institution and to mention what is most important for them to succeed. Of many comments, the one which that stood out was practice. People who are definitely successful do not become successful by being born. They work hard and determination their lives to succeeding. If you wish to reach your goals, keep this in mind! in the following paragraphs some question and answer examples that you would certainly utilise to enriches your knowledge and gain insight that will guide you to keep up your school studies.

Question:

Carlos’s credit card has an APR of 14.78% and a grace period of 18 days, and Carlos pays his balance in full every month. If his last billing cycle ended on March 28, 2010, and he made his payment on April 13, 2010, did he owe any interest on his last statement’s balance?

Answer:

If Carlo’s last billing cycle ended on March 28,
2010, and he made his payment on April 13, 2010, he didn’t owe any interest on
his last statement’s balance because he paid within the grace period.
I hope this helps and if
you have any further questions, please don’t hesitate to ask again.

From the answer and question examples above, hopefully, they can possibly help the student deal with the question they had been looking for and take note of each and every step declared in the answer above. Then could definitely have some sharing in a group discussion and also learning with the classmate around the topic, so another student also gain some enlightenment and still keeps up the school learning.

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