need help, Financial Management

#queThe opening balance of one of the 31-day billing cycles for Lorenzo''s credit card was $4100, but after 15 days Lorenzo made a payment of $2300 to decrease his balance, and it stayed the same for the remainder of the billing cycle. If his credit card''s APR is 24%, how much more in interest would he pay for the billing cycle with the previous balance method than with the adjusted balance method? A.$120.26 B.$83.57 C.$36.69 D.$46.88
Posted Date: 6/5/2013 2:02:41 AM | Location : United States







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