Sentences with «number of days in the billing cycle»
Most companies have a mathematical formula that looks like this: average daily balance x periodic daily interest rate x number of days in a billing cycle = finance charge. (debt.org)
The mathematical formula used to calculate monthly interest charges is the same for most card companies: average daily balance x periodic daily interest rate x number of days in a billing cycle. (debt.org)
Total Credit Card Interest for Month = Balance x Daily Periodic Rate x Number of Days in Billing Cycle (valuepenguin.com)