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Question 17 • 2025-2026 GSP Mathematical Reasoning for Decision Making

Abby has a credit card which uses the adjusted balance method to compute finance charges. Her card has an APR of 11.83%, and she is on a 30-day billing cycle. The table below shows her transactions in the month of January.DateAmount ($)Transaction1/1722.10Beginning balance1/618.12Purchase1/765.00Payment1/1418.00Purchase1/2044.79Purchase1/2334.25Purchase1/2740.00PaymentWhat will Abby’s January finance charge be?a.$6.08b.$7.12c.$7.22d.$8.25

Answer
A
A
B
B
C
C
D
D
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Abby has a credit card which uses the adjusted…