dtdropikovib7x dtdropikovib7x
  • 13-01-2018
  • Mathematics
contestada

Samuel has a balance on his credit card of $766 if the APR on the credit card is 20-point 43% compounded monthly how much is he charged in interest this month

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astrocourtney
astrocourtney astrocourtney
  • 26-01-2018
To find the answer you would use this formula:

I = 766(0.2043)*(1/12)

So the answer of how much he is charged in interest for that month is:

$13.04

Hope this helps!
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