Question 9 of 10 Poindexter has a credit card that uses the average daily balance method. For the first 15 days of a 31-day billing cycle, his balance was 2110 but then he paid off his entire balance and didn't make any new purchases. If his credit card's APR is 26% how much was Poindexter charged in interest for the billing cycle? A. 24.05 B. 46.59 C. 0 D. 22.55

To solve this problem, we need to calculate the average daily balance and then use it to determine the interest charged for the billing cycle.Given information:- Poindexter's credit card uses the average daily balance method.- For the first 15 days of the 31-day billing cycle, his balance was 2,110 × 15 days + 1,050Step 2: Calculate the interest charged for the billing cycle.Interest charged = (Average daily balance × APR × Billing cycle) / 12 monthsInterest charged = ( 22.55Therefore, the correct answer is D. $22.55.