Sidney took a cash advance of $850 by using checks linked to her credit card account. The bank charges a cash advance fe
Posted: Thu May 19, 2022 6:26 am
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.
Sidney took a cash advance of $850 by using checks linked to her
credit card account. The bank charges a cash advance fee of 3
percent on the amount borrowed and offers no grace period on cash
advances. Sidney paid the balance in full when the bill
arrived.
a. What was the cash advance
fee? (Round your answer to 2 decimal
places.)
b. What was the interest for one month at
an APR of 12 percent? (Round your answer to 2 decimal
places.)
c. What was the total amount she
paid? (Do not round intermediate
calculations.)
d. What amount would she have paid if she
had made the purchase with her credit card and paid off her bill in
full promptly? Assume the credit card has a 30-day grace
period.