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Jessica's credit card is on a 30-day billing cycle, and it computes finance charges using the adjusted balance method. The
following table details Jessica's use of her credit card in the month of October
Date
10/1
10/2
10/10
10/13
10/20
10/22
Amount ($)
1,240,55
36.43
75.00
131.796
41.52
25.00
Transaction
Beginning balance
Purchase
Payment
Payment
Purchase
Purchase
What is Jessica's adjusted balance for October?
a $1,136.71
b. $1,033.76
C. $1.140.55
d. $1,240,55

Respuesta :

Answer:

B.) $1,033.76

Step-by-step explanation:

abiolataiwo2015

Jessica's adjusted balance for October is: b. $1,033.76.

Adjusted balance

Using this formula

Adjusted balance= Beginning balance -Payment -Payment

Where:

Beginning balance=$1,240,55

Payment=$75.00; $131.79

Let plug in the formula

Adjusted balance=$1,240,55-$75.00-$131.79

Adjusted balance=$1,033.76

Inconclusion  Jessica's adjusted balance for October is: b. $1,033.76.

Learn more about adjusted balance here:https://brainly.com/question/26846494