Question 7 of 10
Armando has a credit card that uses the adjusted balance method. For the
first 10 days of one of his 30 -day billing cycles, his balance was 2500 He
then made a payment of 1600 so his balance decreased to 900, and it
remained that amount for the next 10 days Armando then made a purchase
for 1300 so his balance for the last 10 days of the billing cycle was 2200 If
his credit card's APR is 33% how much was Armando charged in interest for
the billing cycle?
A. 59.67
B. 35.26
C. 24.41
D. 67.81