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You owe $302.87 on your credit card. Your average daily balance is $112.98, the billing...

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You owe $302.87 on your credit card. Your average daily balance is $112.98, the billing cycle is 35 days, and the interest rate on the credit card is 16%. How much do you owe?(a)$316.44(b)$306.40(c)$304.60(d)$303.66

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Transcribed Image Text

You owe $302.87 on your credit card. Your average daily balance is $112.98, the billing cycle is 35 days, and the interest rate on the credit card is 16%. How much do you owe?(a)$316.44(b)$306.40(c)$304.60(d)$303.66

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