Devontaejust got his credit card statement. Here are the details: The billing cycle was from March 1st - April 1st.His statement was received in the mail on April 4th. The payment due date is April 28th. The minimum payment amount is 25 He spent 875 during the statement billing period and had a previous balance of 157 from previous billing periods.Which of the following is TRUE? His grace period lasts 21 days because the statement date is April 4th and his payment is due April 25th Any spending he cloes between April 2nd-April 25th must be paid back on April 25th to avoid paying interest Evenithe pays backar the money he spent between March lst-April lst he will still be charged interest the pays 157 y April2Sth, he won't have to pay any interest

To determine which statement is true, let's analyze the information provided:<br /><br />1. The billing cycle was from March 1st to April 1st.<br />2. The statement was received on April 4th.<br />3. The payment due date is April 28th.<br />4. The minimum payment amount is $25.<br />5. He spent $875 during the statement billing period and had a previous balance of $157.<br /><br />Now let's evaluate each statement:<br /><br />1. "His grace period lasts 21 days because the statement date is April 4th and his payment is due April 25th."<br /> - This statement is incorrect. The grace period typically starts from the end of the billing cycle (April 1st in this case) and lasts until the payment due date (April 28th). Therefore, the grace period is 27 days, not 21 days.<br /><br />2. "Any spending he does between April 2nd-April 25th must be paid back on April 25th to avoid paying interest."<br /> - This statement is incorrect. The grace period is from April 1st to April 28th, so any spending during this period will not incur interest if paid by the payment due date (April 28th).<br /><br />3. "Even if he pays back all the money he spent between March 1st-April 1st, he will still be charged interest."<br /> - This statement is incorrect. If he pays the entire balance by the payment due date (April 28th), he will not be charged interest on the purchases made during the billing cycle.<br /><br />4. "If he pays $157 by April 28th, he won't have to pay any interest."<br /> - This statement is correct. If he pays the previous balance of $157 by the payment due date (April 28th), he will not be charged interest on the purchases made during the billing cycle.<br /><br />Therefore, the correct statement is: "If he pays $157 by April 28th, he won't have to pay any interest."