How much interest does tina owe from the march credit

Assignment Help Financial Accounting

Reference no: EM132769741

Problem 1: Tina also has to pay interest for one month on the unpaid balance on the March credit card statement. How much interest does Tina owe from the March credit card statement after making the minimum payment on April 15 using the credit card statement below:

ABC Bank Credit Card Statement
Account #123456789
March 1, 2019 to March 31, 2019
Summary of Activity
Previous Balance : $7280.90
Payments - Thank You: $4000.00
New Purchases: $1235.78
Interest Charged: $73.82
New Balance : $4590.50
Credit Limit: $10000.00
Available Credit: $5409.50
Minimum Payment : $91.81
Payment Due: $4590.50
Due Date: April 15, 2019
Annual Interest Rate Charge: 27%

Reference no: EM132769741

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