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What interest will be charged on his first day

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Reference no: EM132561550

Question - Xavier has a credit card with a 15.74% APR. If he leaves a balance of $325.17 on his card, what interest will be charged on his first day? (Hint: credit cards compound daily)

a. $0.14

b. $0.18

c. $0.26

d. $0.85

Reference no: EM132561550

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