- 18 Pts 3 The Chase Sapphire Card Charges 1 6 Monthly On Remaining Balances Https Creditcards Chase Com Rewards Cr 1 (87.66 KiB) Viewed 32 times
(18 pts) 3.) The Chase Sapphire card charges 1.6% monthly on remaining balances https://creditcards.chase.com/rewards-c ... /preferred) (source: They use the average daily balance method to determine interest. Given Mark's credit card activity, determine the following: Previous Balance April 6 April 10 April 15 April 28 Date $600 Billing Date Scuba equipment Scuba lessons Payment Running Balance Totals: Number of Days Until Balance Changed (a) The average daily balance for the next billing (May 6). (b) The finance charge to appear on the May 6 billing, and (c) The account balance on May 6. $2,290 $850 $1,150 (Running Balance) x (Number of Days)