Question

Suppose the one-month billing cycle for a credit card ends on the last day of the month. On which of the following end-of-month dates will the lowest periodic rate be changed?
A. July 31
B. January 31
C. May 31
D. April 30

Answer 1

Correct answer choice is:

D. April 30

Explanation:

The billing cycle for a credit card or whatever sort of cyclical account is the duration of time connecting billings. For instance, a billing cycle may begin on the 1st day of the month and finishes on the 30th day of the month. Or, it may proceed of the 15th of an individual month to the 15th of the following month.

Answer 2

I think the end month dates in which the lowest periodic rate will be changed is : D, April 30
The more days a month has, the higher the periodic rate will be. So the lowest one will be the month with fewest days.